Goldback®

"Greenback" has been a slang for a U.S. dollar, since the Civil War. In 1861, the government first started printing a currency with green color on the back. As a currency, it was not backed by any precious metal. There were times when dollars were backed by gold or silver, but those days are long past. Since 2019, we have pliable-flat money that has gold color on the back. The color doesn't come from ink but real 24K gold. History has made a full cycle, we now have sound money backed by gold. Hence, the name "Goldback".

The Goldback® is an ingenious type of 24K GOLD note used in place of fiat currency. Unlike the dollar, this note is literally backed by precious metal. The gold is not a simply gold foil pressed against a bill but uses a micro-printing vacuum deposited gold. The note is then covered by a super durable polymer. Currently, 5 states have Goldbacks as specie legal tender instruments.

Note: To avoid the confusion of these with other monetary instruments, use the trademark term of 'Goldback' or 'Goldbacks' rather than "gold back", "gold backs" or "gold backed".

There isn’t a single case of counterfeited Goldback because of the following reasons:

• The notes are printed with a patented gold printing process, which would cost millions of dollars to recreate the equipment before even producing one counterfeit. Each state note has a unique and intricate gold design that is very difficult to reproduce.
• Each note has a unique serial number with no two notes having the same number. There is still privacy with the serial number as shipments of Goldbacks are sent in with the serial numbers in random order. The Goldbacks are not sent in sequential order to reduce the possibility of being traced.
• There are other security measures incorporated into the notes that Goldback keeps proprietary and have not been revealed publicly.

• Use them as an educational tool to explain how REAL money is supposed to work by being backed by a precious metal.
• Where legal, you can spend or barter with them. There is a growing list of businesses that voluntarily accept Goldbacks.
• Earn interest by depositing your Goldbacks into their special bank that pays 2% or more annually in Goldbacks.
• They are guaranteed to exchange 1000 for a 1 Oz Gold Eagle or Buffalo.

Goldback created some charts for the first two years of mintage. The charts are misleading about the quantity. If you compare the 1s with the 50s, it appears that there are more 50s minted than 1s. The chart shows the quantity times the denomination. For example, the 2019 50 shows 130,350, but the quantity is 130,350/50 = 2607. The following table shows the quantity for each denomination and the total values of the quantities times the denominations.

After 2020, there is no known source of production by state. The home page of Goldback provides a chart of total mintage by quarter in which we use to produce our tables of mintage.

Alaska, Oklahoma, Tennessee and Texas are the next likey tear of Goldback candidates as they round out the 2023 top 12 best states in the Sound Money Index. In 2024, Arkansas dramatically moved forward in the Sound Money Index to 5th place.

With the Sponsor a New Goldback® Series, any State or locality within the world can have the next Goldbacks, but it will require an upfront lease of over 100 thousand of Goldbacks. The sponsor does have the advantage of approving the artwork, though.