US NATIONAL DEBT –
$34,550,836,614,631

Goldbacks

Background

Goldbacks offer an innovative fusion of gold’s intrinsic value and the practicality of banknotes. Manufactured by Valaurum, they incorporate patented technology, featuring a micro-thin layer of 24-karat gold enveloped by durable polymer. Goldbacks are presented in transaction-friendly weights of 0.001 oz., 0.005 oz., 0.01 oz., 0.025 oz., and 0.05 oz. of gold. These innovative items exist in four distinct design series, representing Nevada, New Hampshire, Utah, and Wyoming. Bridging the gap between precious metals and routine commerce, Goldbacks address the “small coin problem” by allowing gold to be used for everyday transactions.

Details

  • Manufacturer: Valaurum
  • Minting Location: USA
  • Denominations: 1, 5, 10, 25, 50 Goldbacks
  • Content: 0.001 oz., 0.005 oz., 0.01 oz., 0.025 oz., and 0.05 oz.
  • Purity: 99%
  • IRA-Eligibility: Eligible

Origin

  • Goldbacks were created to address the “small coin problem” by allowing physical gold to be used for any size transaction.
  • Goldbacks come in four distinct series, representing Nevada, New Hampshire, Utah, and Wyoming, each with their distinguishable designs.
  • Each Goldback in the series symbolizes different virtues specific to their respective state, with their names written in Latin on the notes: Reverentia, Fideletas, Libertas, etc.

 

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