What exactly is a Goldback?
A Goldback is a physical gold currency note containing a measurable amount of 24-karat gold permanently layered inside durable polymer film. Unlike gold coins or bars, Goldbacks are designed for everyday spending. Each note is assigned a denomination from 1 to 100, with gold content scaling proportionally. They are produced by Valaurum Inc. using a patented vacuum deposition process called Aurum®, which distributes real gold evenly so the note can flex without cracking or losing any gold.
Are Goldbacks legal to own and use?
Goldbacks are completely legal to own, buy, sell, and trade throughout the United States. They operate as a voluntary private currency, meaning both parties must agree to use them. Several states including Utah, Nevada, Wyoming, New Hampshire, and others have enacted laws recognizing gold and silver as currency, providing a supportive legal framework. There is no federal prohibition on their use, and the long history of local currencies in America supports their legality.
How much gold is inside each Goldback?
Each denomination contains a guaranteed, precise amount of 24-karat gold:
• 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
The gold content is verified through the Aurum® production process. You can actually see the gold shimmer in the note when held to light.
How is a Goldback’s value determined?
Goldback pricing is based on the live gold spot price since each note contains real 24-karat gold, plus a premium that accounts for the specialized manufacturing, the artistry of the state-series designs, and market demand. As gold prices rise, Goldback values rise with them. Since their 2019 launch, Goldbacks have historically appreciated strongly, often outpacing raw gold gains due to growing collector and spender demand. Pricing also varies by denomination, state series, and condition.
Can I spend Goldbacks at local businesses?
Yes, though acceptance depends on the individual merchant. A growing network of businesses across the United States voluntarily accepts Goldbacks for goods and services. Since they are a voluntary currency, no merchant is obligated to accept them, but many do — particularly those in the precious metals, local trade, and sound money communities. At The Gold and Silver Store in Ontario, Oregon, we accept Goldbacks and can help connect you with other local businesses open to trading with them.
What state series do you carry in stock?
As an official Goldback distributor, we carry all currently available state series: Utah, Nevada, Wyoming, New Hampshire, South Dakota, Arizona, Florida, and Idaho. Each series features unique, hand-crafted artwork celebrating that state’s heritage, landscapes, and history. The Idaho series is the newest, launched in 2026, featuring denominations from 1/4 to 100 Goldbacks. Contact us for current stock and pricing on any series.
Are Goldbacks a good investment?
Goldbacks offer a dual benefit most gold products lack — they hold the intrinsic value of 24-karat gold while also functioning as a spendable, collectible currency. Since their 2019 debut they have shown strong appreciation, often outperforming standard gold bullion due to growing demand. Like any precious metal product their value can fluctuate, so they are best viewed as part of a balanced wealth preservation approach. They are particularly well-suited for those looking to hold gold in a practical, accessible format.
Where can I get Goldbacks in Ontario, Oregon?
The Gold and Silver Store at 264 S. Oregon Street in Ontario, Oregon is an official Goldback distributor. We keep all denominations and the full range of state series in stock — no waiting, no shipping required. Visit us Tuesday–Friday 10AM–4PM or Saturday 10AM–3PM, or call 541-881-0900 to check current availability and pricing. We’re happy to help whether you’re a first-time buyer or a seasoned collector.