What is a Goldback Anyway?
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. The Aurum covering adds an extra level of protection so that the gold foil notes can be easily held and admired. Goldbacks each carry a specific, labeled gold weight, and feature a variety of stunning designs.
Considered the first local, voluntary currency to be made of spendable, beautiful, physical gold, Goldbacks would make a unique addition to any collection, especially for those who prize intricate designs rendered in gold.
Why are Goldbacks Created?
The Utah Goldback and the Nevada Goldback are an attempt to legally allow the circulation of gold-backed currencies in states where this has been made allowable through legislation. Goldbacks are often referred to as voluntary local currency.
Regardless if any businesses near you accept them or not, from a collector’s perspective, Goldbacks can almost be seen as works of art immortalized in .999 fine gold. Each design is laden with patriotic symbolism and each note explicitly states the amount of gold it contains.
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. She symbolizes prudence or being wise in practical affairs, one of the Four Cardinal Virtues.
5 Goldback note: contains 1/200th oz. of gold and features another depiction of Prudence, this time bearing the light of truth for others. She holds scriptures and a Westward pointing compass honoring early faith-motivated Utah settlers.
10 Goldback note: contains 1/100th oz. of gold and features a blindfolded Prudence holding the sword of Justice and the Scale of Balance.
25 Goldback note: contains 1/40th oz. of gold and features a symbolic Victory allegory represented by a suffragette, marking Utah’s role in voting rights.
50 Goldback note: contains 1/20th oz. of gold and features a depiction of Liberty holding the torch of enlightenment and a chalice representing Christian hope, again harkening back to Utah’s early settlers.
***information taken from moderncoinmart.com