Bills With Intrinsic Value? - Goldbacks
I found these bills on APMEX called Goldbacks and thought it was a cool concept. Neither my photos or the photos on their website really do them justice.
For more information about them, check out: https://goldback.com/
There is a significant premium in purchasing these over gold bouillon, but they are very collectable. So much so that I plan to accumulate more of them. As you will see from the photos they are a really nifty way to accumulate gold.
The front side of these things are beautiful. Even worthy of displaying. For now mine will live in my safe.
I rather like that the reverse side is just pure gold foil with no coloring.
Above is what I purchased for the first round run through my Canon scanner. The scanner does a good job of capturing the detail, however it's hard to tell the medium is actually gold. The table below shows how they are denominated, and the actual weight of the gold foil they are made from. The bills vary in thickness and size based upon the denomination.
The 25 dollar bill is only slightly larger than the 10 dollar bill, so it is significantly thicker. Of course the value of these notes will fluctuate with the price of gold, but you can get an idea of the premium by subtracting the gold value from the current retail price.
| Denom | Weight |
|---|---|
| $1 | 1/1000th oz |
| $5 | 1/200th oz |
| $10 | 1/100th oz |
| $25 | 1/40th oz |
| none | 100 mg |
I am missing the $50 from the Nevada set, which is 1/20th of an oz. There is an equivalent set for Utah as well. You can also find similar one-off notes, such as the 100mg Liberty note pictured at the bottom.
I'll follow up with additional posts as I accumulate more.
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Thats a sexy bill!
Indeed!
The side with the gold foil no colouring is somewhat of a beauty. I love the both sides by the way, it's beautiful gold.
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It is. Thanks for your comments.
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They are neat, huh!
I am definitely a fan! :)
It sure has value!
🥰🌺🤙 !ENGAGE
ENGAGEtoday.damn this looks cool as hell!
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No doubt!
Those are so awesome. I definitely want to get a bunch of those. I have this which is similar. 1/10 gram note.
That looks cool!
They are definitely intriguing with a lovely design. I have a different kind, 1/10 gram from karatbar I paid $4cad , at the time it was strait spot with no premium each for a bunch (quite some time ago and when I say I got a bunch...I mean a bunch)per bill for brand new crisp ones to have as a spendable bill if society ever came to that and then saw a crumpled up raggedy one of the same selling for $18 in my LCS shop the next day, I was a little tempted to sell then but still have them. I don't know their true collector value on top of spot price but, curious little product indeed and seem to carry quite a premium in the after market.
That's cool. I have quite a few small bars as well. They make a lot more sense to me than having a bunch of full 1 oz on hand.
Small bars are cool too, I have a few full ounces too but most is 1/4 oz or smaller, like you say it just seems to make more sense and easier to sell if the price of gold goes up substantially. The bills are a nice concept for that.
Fun to hand to non stackers and tell them they are holding Gold!😀
Absolutely, I will probably buy a stack of the ones to give as gifts.
That sounds like the perfect gift my friend!😀
These are beautiful as i just got the One Dollar Goldback as a gift from a friend.
Thanks for sharing @joshman
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Right on. I was thinking about buying some as gifts as well.
Recently posted the One Utah Goldback Version in my blog.
Like you, I'd like to get a bunch of these too now that I have seen this first hand in my possession.
Very hard to get a good photograph.
https://leofinance.io/@kerrislravenhill/piratesunday-captain-nyssacat373-strikes-again
That is so ironic, I was checking them out, too, at APMEX, @joshman. My Brother, mentioned current state Gold currency, recently. Thanks for showing.
Nice! You're welcome, thanks for dropping in!