Delaware

The First State’s Golden Opportunity

Delaware, the "First State," earned its title by ratifying the U.S. Constitution in 1787, setting a precedent for innovation and leadership. While not a gold mining hub, Delaware’s proximity to financial giants in Philadelphia and New York, plus its modern gold trade—like the $50 million in missing coins from First State Depository in 2024—shows its knack for handling precious metals. The Goldback—a voluntary, gold-based currency—fits Delaware’s pioneering spirit, offering a stable alternative rooted in its commercial savvy. Let’s make the First State first in sound money too.

Legislative Edge: Gold Transactions Simplified

Delaware’s legislature can unlock gold’s potential. Currently, gold faces a 6.6% sales tax under Title 30, Chapter 53 when purchased as tangible property, but there’s no state capital gains tax on precious metals, a rarity in the Northeast. In 2024, House Bill 412 (HB 412) proposed exempting gold and silver from sales tax and affirming them as legal tender, stalling in committee. As of February 2025, a revised HB 412 has passed the House Revenue and Finance Committee, awaiting full House vote. If enacted, Delaware could lead the region, making Goldbacks a practical everyday currency.

Economic Boost and Delaware Pride

The Goldback strengthens Delaware’s economy and heritage. Starting at 1/1000th of an ounce, it’s ideal for small buys—from Wilmington’s farmer markets to Rehoboth’s boardwalk shops. Amid inflation, its gold backing offers stability, appealing to Delaware’s practical residents. Picture a Goldback series showcasing state icons: the Delaware River, Caesar Rodney, or the DuPont legacy. These notes would be collectibles, boosting tourism and pride. Businesses adopting Goldbacks could draw sound-money fans, while dealers thrive under tax relief. This is Delaware’s chance to shine—literally.

Delaware-Specific Goldback Designs

Here’s how Delaware’s Goldback denominations could celebrate its significant people and places:

• 1 Goldback (1/1000 oz): Features Caesar Rodney on horseback, honoring his 1776 ride to vote for independence, cementing Delaware as the First State.
• 5 Goldback (1/200 oz): Depicts the Delaware River at New Castle, reflecting the state’s colonial trade roots and scenic beauty.
• 10 Goldback (1/100 oz): Showcases Eleuthère Irénée du Pont at Hagley Mills, celebrating the industrialist who founded DuPont in 1802.
• 25 Goldback (1/40 oz): Highlights the Kalmar Nyckel sailing into Lewes, marking the 1638 Swedish landing that shaped early Delaware.
• 50 Goldback (1/20 oz): Pictures Bombay Hook National Wildlife Refuge, its golden marshes glowing, showcasing Delaware’s natural treasures.

These designs turn the Goldback into a tribute to Delaware’s history and identity, blending value with legacy.

A Golden Call to Lead the Northeast

Utah and Nevada have Goldbacks, but Delaware can lead the Northeast. With HB 412 advancing, a legacy of firsts, and a knack for commerce, Delaware is ready to pioneer sound money in the region. Let’s urge the General Assembly to pass HB 412 and launch a Delaware Goldback series. Imagine gold in every hand—from Dover to Bethany Beach—proving the First State isn’t just history’s leader but its golden future. The time is now.

Step up. Make Delaware golden.