10 Utah Goldback Aurum 24kt Gold Foil Note | GovMint.com (2024)

FAQs

How much is a 10 Utah Goldback worth? ›

At just 1/100 Troy oz of . 999 pure gold, these 10 Utah Goldback Gold Notes are the equivalent of less than $20 (USD) in circulation and much easier to use for everyday purchases than modern gold bullion coins or bars that, at even just 1 oz, would have a value of $1,575.

Struck in 24-karat gold foil, these notes are crafted in increments of 1/1000th of an ounce of highly pure 99.99% fine gold. Each wafer-thin note is coated with a protective plastic cover so it can be circulated, exchanged and used without the gold tearing.

So one fiftieth of such a coin equals one gold dollar. The gold content of a Goldback is pegged to this form of legal tender. All Goldbacks may be redeemed for $50 in U.S. Minted Gold Eagles or Buffaloes via our partners at Alpine Gold. This can be done in increments of 1,000 Goldbacks for a one-ounce coin.

Generally, goldbacks has good resale value, which means it's a potential investment when you own one and sell it after some time. Like other assets, goldbacks can grow their value over time, and you can use it by owning one and selling once their value increases.

LEGALITY OF THE GOLDBACKS

Although in the US the only legal form of money is fiat currency issued by the government, the Goldbacks are legal tender. This is because of the passage of the Utah Legal Tender Act of 2011, written and established by the legal counsel for the company.

Investors and collectors buy Goldbacks because they are spendable, physical 24k gold bills, each with beautifully unique designs, available in five denominations. As the first local, voluntary currency, Utah Goldbacks were a huge success, with hundreds of stores accepting Goldbacks for goods and services.

Yes, gold Pokemon cards are real. They are referred to as “shiny” or “ex” cards and were first released in Japan in 1997 as part of the “Jungle” set. These gold cards feature a Gold Star badge and are incredibly rare and valuable.

Gold leaf, sometimes called gold foil, is gold that has been beaten into a very thin sheet that averages about 0.12 microns in thickness. For comparison, copier paper is around 130 microns, and human hair around 60 microns.

Melt Value: 25 Utah Goldback 1/40 oz 24K Gold Foil Aurum Note. This gold foi contains 0.03 troy ounces of bullion. Based on the metal content and weight, the intrinsic melt value of one 25 Utah Goldback 1/40 oz 24K Gold Foil Aurum Note is $49.59 based on today's gold spot price.

A Goldback is a type of voluntary, non-dollar, complementary currency and may be the world's only circulating interchangeable gold money. Containing fractional amounts of 24-karat gold, the value of Goldbacks is based on the current exchange rate of gold.

How do you spend Goldbacks? ›

Goldbacks are meant to be spent, bartered with, and traded around the world. Many small business owners are open to accepting the Goldback for small transactions. Using gold as currency is important because it has lasting value that is not subject to the volatility of fiat or crypto currencies.

It costs far more to produce 32,000 individual Goldbacks than it does to produce a single one kilo brick of gold. The same is true of coins. For this reason, a one ounce gold coin may cost $1,700 while a 1/10th ounce coin may cost $220. The trade-off is utility.

Gold Is Relatively Stable During Economic Recessions

In addition, the value of gold isn't affected by inflation, unlike paper currency. Gold retains its intrinsic value regardless of the economic climate, making it a much more stable investment than stocks and bonds.

question: how can you get your very own Goldbacks? Well, there are three sources: eBay.com, UPMA.org, and Apmex.com. All of these options are excellent, but at if you sign up for an account at UPMA.org, they will send you your first Goldback note absolutely free!

As collectibles, rare coins do not fall within the provisions permitting confiscation. No federal law or Treasury department regulation supports these contentions. The myth that specific types of gold coins are “not confiscateable” stems from the Executive Order that President Roosevelt issued in 1933 calling in gold.

Physical gold. According to the CBDT's most recent circular, men, regardless of marital status, are only allowed to possess 100 g of real gold in the form of jewelry and ornaments.

No, there is no branch of federal, state, or local government that is interested in how much gold you might own.

If you want an investment that provides an income stream, stocks are likely the better choice. Note: You might be able to earn dividends from gold stocks or gold ETFs, but these are riskier than investing in physical gold like bars and coins.

Canadian Gold Maple Leaf

Struck by the Royal Canadian Mint, the Canadian Gold Maple Leaf is considered one of the purest gold bullion coins. Every coin has 0.9999 millesimal fine gold. In other words, the Gold Maple coins have next to zero impurities. These rare coins are also visually-rich.

Are foil cards worth anything? ›

Are Foils Valuable or Worth More? Foils are usually worth more than their non-foil counterparts. The increased drop rate of foils from 1:67 to 1:45 and the release of Set and Collector Boosters have dropped the average price of new common and uncommon foils significantly.

It all comes down to simple supply and demand. People are willing to pay more money for foil cards, thus they sell for more. Also, there are less foil cards then not foil cards, so again, people are willing to pay more for them. Baseball card collecting used to be a big thing and cards would be worth a lot of money.

Most foils were worth roughly 1.5 to 2 times as much as their non-foil counterparts, with select Commander and eternal staples demanding a premium up to 10 or 20 times their non-foil value.

24k GOLD FOIL at Rs 3000/book | Tanjore Gold Foils in Mumbai | ID: 22788207991.

Gold Content

All exterior projects should be gilded with gold leaf no less than 23.75 kt, since gold being the nobelist of metals is resistant to corrosion-- the purer it is, the stronger it will resist rain, snow, sleet, and wind. Gold leaf of such value will maintain its integrity for 30+ years.

Gold has a reputation for being a particularly expensive precious metal. However, the gold leaf will often be something that is surprisingly cheap to most people. The reason why some gold leaf can be cheap is that it is either imitation gold leaf or not very high in karat purity.

Gold cards are special embossed gold holofoil cards and are often sought after by collectors. Gold cards fall into the 'secret rare' category.

USA 1882 $100 Gold Certificate – $117,500 (£94k) Gold certificates were used as paper currency in the USA between 1863 and 1933. They guaranteed the bearer the note's value in gold. The rarest specimens are worth a fortune – this 1882 $100 version, one of just seven, went under the hammer for $117,500 (£94k) in 2013.

Nevertheless, the absolute record holder is another 1000-dollar note from the same period, issued only a year earlier. The note, in which zeros resemble watermelons, is called 'Grand Watermelon' among enthusiasts. It was sold at auction for EUR 2.791 million, making it probably the most expensive banknote in the world.

Gold is often considered a good investment for diversification, as it may be less correlated with other assets such as stocks or bonds. This means that the price of gold may be less affected by movements in other asset classes, which can help to reduce overall portfolio risk.

Who owns Goldback Inc? ›

As the Goldback company has grown quickly since that time the need for more legal expertise has also increased. Founder Jeremy Cordon asked Benjamin to give up his law practice and work fulltime for Goldback directly.

There are three main places to sell gold — reputable online gold buyers, bullion pawn shops and local jewelers. We generally recommend selling online if you're looking for the highest possible price for your gold, although each option offers its own range of advantages and disadvantages.

Melt Value: 1 Utah Goldback 1/1000 oz 24K Gold Foil Aurum Note. This gold foi contains 0.00 troy ounces of bullion. Based on the metal content and weight, the intrinsic melt value of one 1 Utah Goldback 1/1000 oz 24K Gold Foil Aurum Note is $1.96 based on today's gold spot price.

If you prefer to sell your gold in person, you can look for a gold bullion dealer near you. There are usually dealers located in most major cities, so if you're in or near one of these areas, do a search for “sell gold bars near me” to find one.

Some U.S. banks do sell gold bars and coins as well as silver coins, but the vast majority of U.S. banks do not make gold or silver available to the public. Banks usually avoid selling precious metals because of their price fluctuations.

The price of gold is generally inversely related to the value of the U.S. dollar because the metal is dollar-denominated.

While it is sold as a local currency only in four regions, they have been purchased as a gold product, or for their collector's value, worldwide. The Utah goldback was launched in 2019, with series for Nevada, New Hampshire, and Wyoming launching in 2020, 2021, and 2022, respectively.

1000 USD to GOLD Chart — Historical price of US Dollar expressed in GOLD. The current 1000 USD to GOLD exchange rate is 15.27 GOLD and has increased by 9.83% over the past 30 days.

The conversion value for 100 USD to 4297378.6 GOLD.

What will gold be worth in 5 years? ›

Gold price predictions for next 5 years: experts' analysis

The banking group saw the precious metal trading at $2,000 at the end of 2023, accelerating to $2,075 by September 2024. A poll of 38 analysts conducted by Reuters in January was less optimistic as they expected the gold price to average at $1,890 in 2024.

If the dollar collapses what will gold be worth? According to Peter Schiff, the CEO and chief economist of brokerage firm Euro Pacific in a article from Capital, in the event of a loss of faith in the US dollar and rampant inflation, the value of gold could skyrocket tenfold, reaching $20,000 (£15,170) per ounce.

Bullion derives its value from the gold content of the precious metal rather than the form of the metal. You can purchase gold bars in different weights — from just a gram costing less than $100 to 400 ounces — costing around $700,000, identical to the ones held by governments in places like Fort Knox.

The Goldback is the world's first voluntary, spendable, interchangeable, small denomination, physical gold.

If you're considering investing in Goldbacks, you'll want to understand their legal status. 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.

9999 Gold-Backed Bill. Sell to Us Price: $3.14 each.

The current market price for 1 Nevada Goldback is $3.85 on average.

Distinctive colorized designs differentiate both the state of issue and the denomination. Each 1 Utah Goldback contains 1/1000 troy oz of 0.999 pure gold.

Where Are Goldbacks Accepted? The Goldback is designed to be a local currency within certain regions where a series exists, that being Utah, Nevada, New Hampshire and soon to be Wyoming. They are considered voluntary local currency.

Certain businesses voluntarily accept Goldbacks in the states of Nevada and New Hampshire. While Goldback Notes are not widely acknowledged as legal tender in many locations and are not recognized by the US government, they were designed with the intention of being circulated and widely used as currency in the future!

Are goldbacks real gold? ›

Goldbacks are shaped like regular currency notes but contain 24K pure gold. The gold is safely contained between two layers of clear polyester, which add artistic elements to the fractional gold bullion they contain.

Value. The type 2 Indian Princess coins are the scarcest of the $1 gold coins today. In fact, only about 2 million of the type two coins were ever struck. The rarest of these coins is the 1855-D (Dahlonega).

Inspect the Mintmark

The date and mintmark are the easiest way to diagnose valuable rare coins. Errors in these two key areas can still be found in circulation, and they could score you a fortune. Re-punched or over-punched mint marks are one winning discovery, as is doubled text.

question: how can you get your very own Goldbacks? Well, there are three sources: eBay.com, UPMA.org, and Apmex.com. All of these options are excellent, but at if you sign up for an account at UPMA.org, they will send you your first Goldback note absolutely free!

The conversion value for 1000 USD to 42973785.991 GOLD. BeInCrypto is currently using the following exchange rate 42973.786. You can convert USD to other currencies like ETH, XRP or ADA. We updated our exchange rates on 2023/05/24 15:16.

Utah Goldback Designs

1 Goldback note: contains 1/1000th oz. of gold and features a Native American representation of Prudence, who is depicted with elements common to the Native American tribes within the state of Utah: the Ute, Paiute, Navajo, Iroquois, and Goshute tribes.

Goldbacks are much more durable than dollars or most other circulated currencies on earth. With that said, nothing is invincible, including coins. Goldbacks may eventually wear and crease due to lack of care or intense circulation.