Are Goldbacks worth buying?
Goldbacks have appreciated in price from $2.00 in 2019, to an average of $3.75 at the end of 2021. This is an 87.5% appreciation during a time when gold coins and bars went up by about 60%. No one has ever lost money stacking Goldbacks (so long as they weren't overpaying.)
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1 Utah Goldback 1/1000 oz 24K Gold Foil Aurum Note.
| Condition | New |
|---|---|
| Denomination | 1 Utah Goldback |
| Actual Weight | 1/1000 troy oz |
| Gross Weight | 0.031 grams |
| Dimensions | 118 x 66 x 0.1 mm |
The Utah, Nevada, and New Hampshire Goldbacks are a world-first form of gold “paper” currency that can be used as legal tender. Because the Goldbacks were made with the intention to provide an alternative currency to the US Dollar, they are easy to store and visually stunning.
Not just a novelty item, Utah's Goldback Notes are official legal tender. Plus, each bill can be melted down for its precious metal content if its owner would rather have a solid gold piece.
The Goldback also serves as a note or bill for redemption in U.S. Minted Legal tender Gold coins at the vaults of the United Precious Metals Association, and is therefore backed by Legal Tender money under state and federal law, regardless of its independent status as gold money.
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5 Nevada Goldback 1/200 oz 24K Gold Foil Aurum Note Specifications.
| Weight | 0.001 oz |
|---|---|
| Classification | Modern |
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.
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!
A Goldback is a voluntary, non-dollar, complementary currency. Goldbacks are gold foil notes that are crafted with. 999 fine gold paint on Aurum, a plastic film designed to hold the gold paint and be durable.
Aurum gold notes represent one of the most affordable options when buying gold today. These thin, beautifully-designed gold notes have just a fraction of the gold of a 1 oz coin or bar, but deliver the same visual brilliance and purity of gold that the average bullion coin or bar has to offer.
How do they make Goldbacks?
Are Goldbacks Really Made out of Gold? - YouTube
The current market price for 1 Nevada Goldback is $3.83 on average.
Jeff McClellan did an excellent job designing these things. 1000's of them have now been sold. The final task that was done during this time frame was the creation of the Goldback wallet.
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.
Goldbacks. Goldbacks are not legal tender, but they are valid for barter, trade, discounts.
| Ounce | US Dollar | US Dollar |
|---|---|---|
| 25 Ounce = | 43380 USD | 25 USD = |
| 50 Ounce = | 86760 USD | 50 USD = |
| 100 Ounce = | 173520 USD | 100 USD = |
| 1000 Ounce = | 1735200 USD | 1000 USD = |
| Gold Spot Prices | Today | Change |
|---|---|---|
| Gold Prices Per Ounce | $1,763.00 | +8.00 |
| Gold Prices Per Gram | $56.68 | +0.26 |
| Gold Prices Per Kilo | $56,680.45 | +257.20 |
There's a voluntary unit of local currency that exists in New Hampshire called “Goldbacks,” 24-karat gold foil notes that are crafted in increments of 1/1000th of an ounce of highly pure 99.99% fine gold. Already, many local merchants and vendors are accepting this new form if currency as payment.
Are gold transactions reported to the IRS? Yes, you generally need to report gold transactions to the IRS. However, tax liabilities on the sale of precious metals like gold and silver are not due the instant that they're sold.
How To Get Free Gold - YouTube
Is a Goldback a bullion?
But goldbacks are more than simply a new form of paper currency; goldbacks are actually made partly of pure gold! Because of this, the value of a goldback is directly tied to the sustainable, consistent value of gold bullion.
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 current market price for 1 Nevada Goldback is $3.83 on average.
Goldbacks are gold foil notes that are crafted with. 999 fine gold paint on Aurum, a plastic film designed to hold the gold paint and be durable. The Aurum covering adds an extra level of protection so that the gold foil notes can be easily held and admired.
There's a voluntary unit of local currency that exists in Nevada called “Goldbacks,” 24-karat gold foil notes that are crafted in increments of 1/1000th of an ounce of highly pure 99.99% fine gold. Already, many local merchants and vendors are accepting this new form if currency as payment.
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.
Aurum gold notes represent one of the most affordable options when buying gold today. These thin, beautifully-designed gold notes have just a fraction of the gold of a 1 oz coin or bar, but deliver the same visual brilliance and purity of gold that the average bullion coin or bar has to offer.
Are gold transactions reported to the IRS? Yes, you generally need to report gold transactions to the IRS. However, tax liabilities on the sale of precious metals like gold and silver are not due the instant that they're sold.
Are Goldbacks Really Made out of Gold? - YouTube
The melt value of one 1 Utah Goldback 1/1000 oz 24K Gold Foil Aurum Note bar is $1.75 based on the current gold spot price.
How much is 1000 oz of gold worth?
| Ounce | US Dollar | US Dollar |
|---|---|---|
| 25 Ounce = | 43477.5 USD | 25 USD = |
| 50 Ounce = | 86955 USD | 50 USD = |
| 100 Ounce = | 173910 USD | 100 USD = |
| 1000 Ounce = | 1739100 USD | 1000 USD = |
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.
Goldbacks. Goldbacks are not legal tender, but they are valid for barter, trade, discounts.
But goldbacks are more than simply a new form of paper currency; goldbacks are actually made partly of pure gold! Because of this, the value of a goldback is directly tied to the sustainable, consistent value of gold bullion.
