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Seller Store jdkelley10
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Location: West Palm Beach, Florida
Ships to: US,
Item: 125355806065
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Item must be returned within:30 Days
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Each bid is for one (1) 1 Utah Goldback note containing 0.001 troy ounces of .999 fine 24kt gold. Since these are constantly being created, the issue year on the note may vary from what is shown in the photo. Highlights:Each contains 1/1000 Troy oz (0.001 Troy oz) of .999 pure goldOn the obverse is an image of PrudenceThe reverse reflects the mirror image of the obverse designMade in the United States of AmericaDimensions146.3 x 63.7 x 0.1 mm Designs On the obverse face of the 1 Gold Utah Goldback Note is the primary design of Prudence. Here, she is depicted as an indigenous woman representative of the tribes that called Utah home before the arrival of Americans and Europeans. She sits on a rock at the base of a tree with a wolf seated at her side. Reverse sides of 1 Gold Utah Goldback Notes do not have a unique design, but rather, reflect the mirror image of the designs engraved onto the obverse of the thin gold notes. The colorization that accompanies the obverse imagery does not show through on the reverse. History Following passage of the Utah Legal Tender Act, refining technology advanced to a point where thin gold notes containing .999 pure gold content could be produced in small increments that made it more affordable to own gold and feasible to actually consider its use again as a form of currency. While the act only applies to vendors and individuals in the state of Utah, the idea that gold could return as a form of currency not subject to the inflation of fiat currencies is an exciting one. While the average 1 oz gold coin may have a nominal face value, the amount of gold contained within the coin makes its value incredibly high in the commercial world. For example, it would be impossible to grocery shop with a 1 oz gold bullion coin. However, at just 1/1000 Troy oz of gold content, something like the 1 Gold Utah Goldback Note opens the door to the exciting potential of a strong form of currency. Currently, these Utah Goldback Notes are a local voluntary form of currency vendors can choose to accept in the state of Utah. Technology The creation of the Goldback relies on 5th generation vacuum deposition technology. The designs are printed on a sheet of polymer that is then bombarded with the correct amount of atomized gold particles in a vacuum chamber. This gold is then sealed inside by a second protective barrier of polymer, thus creating a beautiful negative image. Valaurum has been developing the process for nearly two decades and it has never been counterfeited. It is truly the most technologically advanced process for creating a physical gold money in the world today. Legal Tender? Utah launched a transformative movement in the United States in 2011 with its state-level passage of the Utah Legal Tender Act. This act was an effort by the state government to recognize particular forms of gold as a valid currency. The Gold Utah Goldback Series of gold notes represent a voluntary local currency in Utah that vendors can choose to accept for all manner of transactions, small and large. Goldback notes are not legal tender in the United States. View our store for other Goldback notes and collect them all.
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