Hawaii

Aloha to a Golden Legacy

Hawaii, the "Aloha State," boasts a golden past rooted in its monarchy. In 1883, King Kalākaua I minted silver coins with gold-like prestige, striking over $1 million in dala (dollars) at the San Francisco Mint to bolster the kingdom’s economy—some featuring his regal profile. The Goldback—a voluntary, spendable gold currency—revives this heritage, offering Hawaiians a modern link to their royal roots. In an island paradise famed for innovation, why not embrace gold as a currency once more?

Legislative Momentum: Hawaii’s Golden Path

Hawaii’s legislature is clearing the way for gold transactions. In 2024, House Bill 2185 (HB 2185) exempted precious metal bullion from the state’s 4% general excise tax, signed by Governor Josh Green on June 20, effective July 1, 2024. As of February 2025, Senate Bill 3120 (SB 3120) has passed the Senate Commerce and Consumer Protection Committee, aiming to recognize gold and silver as legal tender for state debts—awaiting full Senate vote. These steps align Hawaii with states like Utah, making it a Goldback-ready contender.

Economic Resilience and Aloha Pride

The Goldback strengthens Hawaii’s economy and spirit. Starting at 1/1000th of an ounce, it’s perfect for small buys—from Hilo’s farmers’ markets to Waikiki’s lei stands. With inflation a concern, its gold backing offers stability, resonating with Hawaii’s resourceful aloha ethos. Imagine a Goldback series showcasing state icons: Kilauea, King Kamehameha, or the Na Pali Coast. These notes would be collectibles, boosting tourism and pride. Businesses adopting Goldbacks could attract sound-money fans, enhancing local trade. This is Hawaii’s chance to gleam.

Hawaii-Specific Goldback Designs

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

• 1 Goldback (1/1000 oz): Features King Kamehameha I uniting the islands, symbolizing Hawaii’s founding monarch and golden legacy.
• 5 Goldback (1/200 oz): Depicts Queen Lili‘uokalani with her ukulele, honoring the last monarch’s musical and cultural contributions.
• 10 Goldback (1/100 oz): Showcases Kilauea Volcano’s golden lava, reflecting Hawaii’s dynamic natural power.
• 25 Goldback (1/40 oz): Highlights Duke Kahanamoku surfing Waikiki, celebrating the father of modern surfing born in Honolulu.
• 50 Goldback (1/20 oz): Pictures the Na Pali Coast’s golden cliffs, embodying Hawaii’s rugged, breathtaking beauty.

These designs turn the Goldback into a vibrant tribute to Hawaii’s history and aloha, blending value with island pride.

A Golden Call to Lead the Pacific

Utah, Nevada, and others have Goldbacks, but Hawaii can lead the Pacific. With HB 2185’s tax relief, SB 3120’s legal tender push, and a royal gold heritage, Hawaii is poised to pioneer this currency in the region. Let’s urge the Senate to pass SB 3120 and launch a Hawaii Goldback series. Imagine gold in every hand—from Kaua‘i to the Big Island—proving Hawaii isn’t just paradise but a golden innovator. The time is now.

Aloha ‘Āina. Make Hawaii golden.