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While these gold-based notes are legal tender in four states Utah, Nevada, Wyoming, and New Hampshire they are not accepted as legal tender by the federal government.
How much gold is in a $1 Goldback?
1 Utah Goldback Currency 1/1000 oz Coin TypeCurrency Denomination 1 Utah Goldback Grade 1/1000 oz Collection Name US Rarity Material Gold1 more row
Is a Goldback worth anything?
While traditional currencies lose value over time, Goldbacks have appreciated nearly 20% on average per year, making them a trustworthy way to protect and grow your wealth.
What is the point of Goldbacks?
Inflation eats away at your moneyWe set out to offer a better option. Goldbacks are the worlds first spendable, inflation-resistant gold currency, designed to protect your purchasing power with real gold.
What is the Nevada Goldback currency?
Goldbacks are made of 24-karat gold foil, which is laminated onto a sturdy polyester film. This means that they are durable and long-lasting, potentially making them an excellent investment for those looking to hold onto gold long-term.
The Goldback is designed to be a local currency within certain regions where a series exists, that being Utah, Nevada, New Hampshire, Wyoming, and now South Dakota. They are considered voluntary local currency. Please note that Goldbacks are privately issued and not U.S. dollar legal tender.
Related links
Nevada Notes by Wilson C. Hanna - Digital Commons @ USF
by WC Hanna Cited by 2 Nevada Notes. Authors. Wilson C. Hanna. Creative Commons License. Terms of use for work posted in Scholar Commons. Recommended Citation. Hanna, Wilson C. (1904)
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