Gold**Gold Notes**Goldbacks
A possible return to spendable gold in the American economy is taking baby steps forward with the help of Goldbacks. These privately designed and minted gold backs offer 24-karat gold in minuscule weights that make it not only affordable to acquire, but also reasonable to use in transactions in the 21st century. Unlike 1 gold coins worth thousands, Goldbacks have more reasonable weights and could help bring a return to spending stable currency in the form of gold.
The first thing to note is that Goldbacks are NOT US legal tender currency. Goldbacks represent a form of voluntary currency. Goldbacks are offered in weights of 1/20, 1/40, 1/100, 1/200, and 1/1000 Troy oz of .9999 pure gold. As voluntary currency, vendors and retailers in US states can signup to agree to accept Goldbacks for purchases.
Goldbacks offer beautiful designs on the obverse side, with such thin gold layering that there is no design placed on the reverse as it might bleed through or show through on the front side. There are various series available for different states across the US, but there is a common theme that showcases unique depictions of female allegories that include, but are not limited to, the likes of:
Each Goldback is made with thin layers of 24-karat gold combined together within polyester sheets. Individual Goldbacks ship with plastic currency sleeves for added protection. Additionally, Goldbacks have been offered in 100 Packs for the 1 Goldback denomination, with a simple wrap to hold the 100 notes together. There are also five-note packs for each state series offering all five denominations together in one set.
To date, Goldbacks have been released for a total of five different US states. The movement started in the American West with Utah, and first grew to include Nevada and Wyoming. More recently, New Hampshire became the first East Coast state represented in the series, while South Dakota joined as the fifth state and first from the American Midwest.
If you have any questions about Goldbacks, please feel free to ask. JM Bullion customer service is available at 800-276-6508, online using our web chat, and via our email address. You can also visit our Payment Methods page for quick answers to common payment-related questions.