Goldbacks

This is copied from Goldback website which was easier than me trying to explain it. It's the same for each of the 5 states:

1. What’s an “Alpha Series”?
The Goldback Alpha Series are limited first edition collectibles. Recognizable by the Greek letter Alpha, the series is among the most coveted, sought-after and rare products produced by Goldback Inc.

2. What makes them different?
The Wyoming Alpha Series Goldbacks are made in the same fashion as regular Goldbacks using proprietary vacuum deposition technology. The small difference is the limited first edition trademark through the Greek Letter Alpha. This is printed next to the year on the face of each Alpha Series Goldback. The exclusive Alpha Series minting occurs only once for each state exponentially escalating overall value and demand.


3. How many of them have been produced?

The Wyoming Alpha Series is a rare collectible. Only a few of them have been manufactured. For specific metrics on this state’s series, there are 32000 1s, 6400 5s, 3200 10s, 1280 25s, 1280 50s. As such only 1280 full sets will ever be available from Goldback Inc.

4. Will other states eventually get an Alpha Series?
The Alpha series will be utilized in each state that will be released as their official first edition Goldback. Also, there may be some rumors about one day having an Omega series to cap off a state… Whether or not existing states (Utah, Nevada & New Hampshire) will receive their own alphas will be released soon.

 

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That’s so true…

 

Florida Goldbacks getting ready to drop and the artwork is excellent.

 

I really wish they would contain more GOLD, I think if they did that they not only
be cool to look at but would have some real investor value

 

That would defeat the entire concept of what they are trying to accomplish, which is to present gold in small enough valuations that it can be used as everyday 'cash'.

 

larger denominations should include more GOLD, not sure if they plan on doing that....LOL

 

Larger denominations do have more gold.

 

I paid $3.36 for Goldbucks a year ago, exchange rate today is $5.44.

 

I paid a very small premium above spot (something like $150 total at the time) for my $50 New Hampshire goldback. I think the artwork is really nice on them, personally.

 

I guess you haven't really read up on them. The bills are 'printed' with "x" 1000ths of a troy ounce of gold each; 1/1000, 5/1000, 10/1000, etc.

 

You don't see them trading around as much anymore, but I have a pretty big stack of these that I accumulated over time at way less than spot, I think just with people not understanding/struggling with the math. https://www.govmint.com/2020-100-mg-gold-liberty-note

 

I think if more states make gold legal tender again, you may see an uptick in use. Part of what was driving the Goldbucks was the rampant spending by the government and the out-of-control inflation. Now people seem to have hope of things switching and the economy getting better. I was giving Goldbucks as tips at restaurants. I'd offer the choice of cash or Goldbucks. The choice came in at 50/50 for what they picked. I also put 10 of the $1 Goldbucks at a garage sale and told the story, cost, and theory behind them. I was offered $10 each, which I took.

 

Found out today that I can sell them back for $4.50 if I choose.

 

The Florida series introduces a new 100 Goldback denomination that contains 0.1 troy ounce of gold - the same gold content as a 1/10 toz AGE.

https://x.com/pmbug/status/1861216303731581310

I don't know if we can embed X [tweets/posts] here or not, but that link shows you what the 100 GB note looks like.

 

They also introduced the 1/2 Goldback.

 

Ah, notes with art. I like it.

 

https://www.goldback.com/goldback-art-gallery

 

I guess making a dollar over a year isn't that bad....LOL

 

I have way more than one. And, they gained more value than the money I put into them. Look where the fungible dollar went. It lost 6 percent in the two years since I bought them, and if things hadn't changed politically, it was positioned to really tank. Still may. In any event, they are quite pretty.

 

I Just received my Florida Goldbacks yesterday.
The artwork is getting better.
I didn't know that there were different series Letters like the different dates.
I guess there may be more collector value for the A series.
The 1/2 Florida Goldbacks are small but still very cool...I may have to pick up some more of those... maybe get a Strap of 100.