A Goldback is a physical gold note. Each one contains a precise, verified amount of .9999 fine 24-karat gold embedded directly in a durable, flexible polymer note.
There's no vault holding gold on your behalf. No ETF. No certificate. The gold is in the note itself.
How the Gold Gets Into the Note
Goldbacks use a vacuum deposition process developed by Valaurum. Layers of 24-karat gold are bonded at a precise weight between protective polymer layers, creating a flexible note with an exact, verifiable gold content. The process took over 20 years to develop. No other company produces fractional gold in this format.
How the Denominations Work
Goldbacks come in denominations that correspond to a specific gold weight:
| Denomination | Gold Content |
|---|---|
| ¼ Goldback | 1/4000 troy oz |
| ½ Goldback | 1/2000 troy oz |
| 1 Goldback | 1/1000 troy oz |
| 5 Goldbacks | 1/200 troy oz |
| 10 Goldbacks | 1/100 troy oz |
| 25 Goldbacks | 1/40 troy oz |
| 50 Goldbacks | 1/20 troy oz |
| 100 Goldbacks | 1/10 troy oz |
Pricing reflects the live gold market and updates daily.
What Sets Them Apart from Gold Coins
Gold coins typically start at 1/10-ounce increments — several hundred dollars at minimum. Goldbacks start around $5, depending on the denomination and current gold price. That lower entry point makes physical gold ownership accessible without a large upfront commitment.
Goldbacks are also spendable. Over 2,000 merchants across the United States accept them voluntarily. You can spend a 1 Goldback at any participating business without converting it to cash first. Coins and bars don't offer that. Goldbacks do.
The Appreciation Track Record
Since their launch in 2019, Goldbacks have appreciated an average of 14.47% annually. That appreciation reflects both gold price movement and growing demand for the Goldback format. The gold embedded in each note is a physical asset you hold directly — not a fund, not a derivative, not a claim on someone else's inventory.
State Series
Goldbacks come in nine state-specific series: Utah, Nevada, New Hampshire, Wyoming, South Dakota, Oklahoma, Florida, Arizona, and Idaho. Each series features denominations with original commissioned artwork tied to that state's history and identity.
The Idaho series introduced the ¼ denomination — the smallest ever produced, and exclusive to Idaho.
For a complete breakdown of everything Goldbacks are and how they work, read the full guide:
What Is a Goldback? The 2026 Complete Guide →
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