Illinois

The Prairie State’s Golden Opportunity

Illinois, the "Prairie State," boasts a legacy of resilience and economic might—from Abraham Lincoln’s rise in Springfield to Chicago’s emergence as a global trade hub. While not a traditional gold mining state, Illinois has whispers of placer gold in its glacial rivers and a history of wealth creation. The Goldback—a voluntary, spendable gold currency—offers Illinoisans a chance to pioneer sound money in the Midwest, reflecting their industrious spirit. Why not let the Land of Lincoln strike gold again?

Legislative Potential: A Golden Path Forward

Illinois’s legislature can pave the way for gold transactions. Currently, gold and silver face a 6.25% sales tax under 35 ILCS 120/2 and capital gains taxes per 35 ILCS 5/203. In 2024, House Bill 5489 (HB 5489) proposed exempting precious metals from sales tax, stalling in committee. As of February 2025, a revised HB 5489 has passed the House Revenue and Finance Committee, aiming to eliminate both taxes and explore gold as legal tender—awaiting full House vote. If enacted, Illinois could lead the Midwest in Goldback adoption.

Economic Stability and Illinois Pride

The Goldback strengthens Illinois’s economy and spirit. Starting at 1/1000th of an ounce, it’s ideal for small buys—from Peoria’s craft fairs to Chicago’s street vendors. With inflation a concern, its gold backing offers stability, aligning with Illinois’s practical ethos. Imagine a Goldback series showcasing state icons: Lincoln’s tomb, the Chicago skyline, or Cahokia Mounds. These notes would be collectibles, boosting tourism and pride. Businesses adopting Goldbacks could attract sound-money enthusiasts, enhancing local trade. This is Illinois’s chance to shine.

Illinois-Specific Goldback Designs

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

• 1 Goldback (1/1000 oz): Features Abraham Lincoln at his Springfield home, symbolizing Illinois’s role in shaping America’s 16th president.
• 5 Goldback (1/200 oz): Depicts Jane Addams at Hull House, honoring the Chicago social reformer who won the Nobel Peace Prize.
• 10 Goldback (1/100 oz): Showcases the Chicago Skyline with the Willis Tower, reflecting Illinois’s architectural and economic prowess.
• 25 Goldback (1/40 oz): Highlights Harriet Tubman near Alton, celebrating her Underground Railroad efforts through Illinois.
• 50 Goldback (1/20 oz): Pictures Cahokia Mounds at sunrise, embodying the ancient Mississippian culture’s legacy in Collinsville.

These designs turn the Goldback into a tribute to Illinois’s history and diversity, blending value with Prairie State pride.

A Golden Call to Lead the Midwest

Utah, Nevada, and others have Goldbacks, but Illinois can lead the Midwest. With HB 5489 advancing, a legacy of leadership, and a knack for resilience, Illinois is poised to pioneer this currency in the region. Let’s urge the House to pass HB 5489 and launch an Illinois Goldback series. Imagine gold in every hand—from Rockford to Carbondale—proving the Prairie State isn’t just the Land of Lincoln but a land of golden opportunity. The time is now.

Rise up. Make Illinois golden.