American Samoa

A Polynesian Paradise with Golden Potential

American Samoa, the heart of Polynesia, is a U.S. territory with a rich cultural tapestry and a history of resilience. While not a gold mining hub, its remoteness—2,200 miles southwest of Hawaii—and its unique status as an unincorporated territory make it a perfect proving ground for innovation. The Goldback—a voluntary, spendable gold currency—offers American Samoans a chance to lead the territories in embracing sound money, echoing their communal fa‘a Sāmoa values. Why not let this tropical gem be the first to shine with gold?

Legislative Opportunity: Crafting a Golden Framework

American Samoa’s legislature, the Fono, can pioneer gold-friendly laws. Currently, gold transactions fall under U.S. federal oversight with no local sales tax, but capital gains taxes apply per 26 U.S.C. § 1. In 2024, a Fono resolution (H.R. 33-15) urged Congress to exempt precious metals from federal taxes for territories, gaining traction. As of February 2025, a new bill—House Bill 34-10—has passed the House, proposing to recognize gold as legal tender for local debts, awaiting Senate approval. If enacted, this could make American Samoa a Goldback trailblazer among territories.

Economic Empowerment and Samoan Pride

The Goldback boosts American Samoa’s economy and spirit. Starting at 1/1000th of an ounce, it’s ideal for small buys—from Pago Pago’s tuna markets to Tutuila’s craft stalls. With inflation a concern, its gold backing offers stability, aligning with the territory’s reliance on U.S. aid and tuna exports. Imagine a Goldback series showcasing Samoan icons: the ava bowl, Rose Atoll, or local legends. These notes would be collectibles, drawing tourists and igniting pride. Businesses adopting Goldbacks could attract sound-money fans, enhancing local trade. This is American Samoa’s chance to glitter.

American Samoa-Specific Goldback Designs

Here’s how American Samoa’s Goldback denominations could honor its significant people and places:

• 1 Goldback (1/1000 oz): Features Freddie Letuli with his fire knife, celebrating the Samoan who pioneered this iconic dance in the 1940s.
• 5 Goldback (1/200 oz): Depicts the ava bowl at Fagatogo, symbolizing the communal ava ceremony central to fa‘a Sāmoa.
• 10 Goldback (1/100 oz): Showcases Rose Atoll’s golden coral, honoring the uninhabited wildlife refuge and marine monument.
• 25 Goldback (1/40 oz): Highlights Peter Tali Coleman at the Fono, commemorating American Samoa’s first elected governor.
• 50 Goldback (1/20 oz): Pictures Ta‘ū’s volcanic cliffs, reflecting the rugged beauty of the Manu‘a Islands.

These designs turn the Goldback into a vibrant tribute to American Samoa’s heritage, blending value with Polynesian pride.

A Golden Call to Lead the Territories

States like Utah and Nevada have Goldbacks, but American Samoa can be the first territory to claim this honor. With HB 34-10 advancing, a unique cultural identity, and a tight-knit economy, American Samoa is poised to lead the U.S. territories in sound money. Let’s urge the Fono to pass HB 34-10 and launch an American Samoa Goldback series. Imagine gold in every hand—from Tutuila to Swains Island—proving this Polynesian paradise isn’t just a U.S. outpost but a golden trailblazer. The time is now.

Rise up. Make American Samoa golden.