The Goldback launched with the Utah series in 2019, followed by Nevada in 2020 and New Hampshire in 2021. Goldbacks are attractive, fractional, collectible, spendable 24k gold with gorgeous artwork specific to each state. There are five denominations, the single, five, ten, twenty-five, and fifty. The single is one thousandth of a troy ounce of 24K gold. The five is five thousandths of an ounce, and so-on.
What is it worth? Depends. The Goldback is worth whatever a buyer and seller agree to trade it for. At the minimum, there’s the amount in gold that the Goldback contains, but it’s worth more than just the metal because of the fact that it’s actually useful for trade, something gold hasn’t been useful for in generations. It’s common for the Goldback to trade for at least twice the value of the actual gold content. The retail rate for the day is always posted on Goldback.com, the official website. However, some Goldback sellers charge even more, while some charge less. Here’s the full list of authorized Goldback sellers online.
Goldbacks are meant for spending, so check out this map & list of local businesses in New Hampshire where you can pay with Goldbacks!
Shire Goldback’s mission, as part of the Shire Free Church, is to help bring Goldbacks to the people at a competitive rate so as to transfer value from the fiat US Dollar war money system into a peaceful alternative – tradable gold. Historically, gold has been an excellent hedge against the inflation of government-controlled fiat money. Goldbacks are value the government cannot control, and therefore a path to peace and the end of war.
In the Summer of 2020, the Goldback made its first appearance at Porcfest and Forkfest, the libertarian camping festivals that happen each year in the White Mountains. Here’s a video where multiple vendors across the campground were interviewed regarding their experiences accepting and spending Goldbacks. You can watch it on the uncensorable LBRY and YouTube. Here’s the LBRY version: