For the first time individuals can spend physical gold on small items like a smoothie, or large purchases like a home remodel.
The Goldback® solves the 2,600 year “small coin problem” by allowing physical gold to be used for any size transaction. One Goldback contains 1/1,000th of an oz of 24 karat gold. Our Fifty Goldback contains 50 times that, 1/20th of an oz.
In August, 2019, we released the first Goldbacks, the ‘One’ and ‘Five’ of our Utah Series, with the 10, 25, and 50 denominations following by year end.
Producing the Goldback relies on 5th generation vacuum deposition technology. Designs are printed on a sheet of polymer that is then bombarded with the precise amount of atomized gold particles in a vacuum chamber. This 24-karat gold is then sealed inside by a second protective barrier of polymer, creating a beautiful textured negative image.
