Kentucky

The Bluegrass State’s Golden Heritage

Kentucky, the "Bluegrass State," has a golden thread in its past—from rumors of buried treasure along the Ohio River to the 2023 discovery of the Great Kentucky Hoard, hundreds of Civil War-era gold coins unearthed in a cornfield. This find, dubbed a "multi-million-dollar treasure," proves gold runs deep in Kentucky’s story. The Goldback—a voluntary, spendable gold currency—revives this legacy, offering Kentuckians a modern way to embrace their heritage. In a state known for resilience and riches, why not make gold a living currency again?

Legislative Gold Rush: Kentucky’s Advantage

Kentucky’s legislature has struck gold for sound money. In 2024, House Bill 8 (HB8) exempted gold and silver bullion and coins from the 6% sales tax, effective August 1, 2024, after the legislature overrode Governor Andy Beshear’s line-item veto—deemed illegal by Attorney General Russell Coleman. Now, in 2025, House Bill 2 (HB2), passed by the House Committee on February 18, allows citizens to sue for refunds on wrongful gold taxation, reinforcing legislative power. Kentucky, 45th state to nix sales taxes on precious metals, is primed for the Goldback’s everyday use.

Economic Stability and Kentucky Pride

The Goldback boosts Kentucky’s economy and spirit. Starting at 1/1000th of an ounce, it’s perfect for small buys—from Lexington’s horse farms to Paducah’s quilt markets. With inflation looming, its gold backing offers stability, aligning with Kentucky’s practical roots. Imagine a Goldback series showcasing state icons: the Kentucky Derby, bourbon barrels, or Cumberland Falls. These notes would be collectibles, boosting tourism and pride. Businesses adopting Goldbacks could attract sound-money fans, while dealers thrive under tax relief. This is Kentucky’s chance to shine—economically and culturally.

Kentucky-Specific Goldback Designs

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

• 1 Goldback (1/1000 oz): Features a farmer with the Great Kentucky Hoard, celebrating the 2023 gold coin discovery that stunned the nation.
• 5 Goldback (1/200 oz): Depicts Daniel Boone at Cumberland Gap, honoring the frontiersman who blazed Kentucky’s trails.
• 10 Goldback (1/100 oz): Showcases a jockey at Churchill Downs, capturing the Kentucky Derby’s global fame.
• 25 Goldback (1/40 oz): Highlights Loretta Lynn in Butcher Hollow, celebrating the coal miner’s daughter turned country legend.
• 50 Goldback (1/20 oz): Pictures Cumberland Falls under a golden moonbow, showcasing Kentucky’s natural wonder.

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

A Golden Call to Lead the South

Utah, Nevada, and others have Goldbacks, but Kentucky can lead the South. With HB8’s tax exemption and HB2’s bold stance, plus a gold-rich past, Kentucky is poised to pioneer this currency in the region. Let’s urge the House to pass HB2 and launch a Kentucky Goldback series. Imagine gold in every hand—from Louisville to Pikeville—proving the Bluegrass State isn’t just horse country but golden country. The time is now.

Rise up. Make Kentucky golden.