Goldbacks are a revolutionary new form of currency that combines the spendability of traditional paper money with the inherent value of gold. The Wyoming Goldback, in particular, is a beautifully crafted bill that contains 1/200th of an ounce of .9999 fine gold. What makes the Goldbacks unique is that they are the world's first voluntary currency to be made of physical gold in a small denomination that can be used for everyday transactions.
In 2011, Utah became the first state in recent times to recognize certain forms of gold as legal tender. This gave gold a level of official recognition as money, which led to the development of cutting-edge vacuum deposition technology for minting physical gold into a spendable form for small transactions. The makers of Goldbacks use this technology to layer each bill with .9999 fine gold in exacting quantities, which are then sandwiched between layers of durable polyester to ensure resilience and longevity.
The design of the Wyoming Goldback features the Virtue Audentia, a bold and fearless rodeo queen standing next to her faithful horse. The symbolism of the design draws heavily from the biblical story of Esther, a young woman who rises to power in a conquered nation despite being an ethnic and religious minority. With months of rigorous training in etiquette and presentation, Esther is chosen as the best candidate for Queen and marries the king of Persia, Ahasuerus.
In the design of the Goldback, Audentia embodies the same spirit of fearlessness and boldness as Esther. She is surrounded by roses and thorns, representing both the beauty and danger of boldness. The caption below her reads "Doubt Not, Fear Not," a reminder to always act confidently and without hesitation when the moment calls for it.
Other elements of the biblical story are also depicted in the design, such as a scroll representing harmful decrees and the king's scepter symbolizing the grace that rewards boldness. The ropes represent the vindication that will come to those who act with courage and bring the designers of evil decrees to light.
In conclusion, the Wyoming Goldback is not only a beautifully crafted and spendable currency but also a symbol of the virtues of fearlessness and boldness. The design draws from the story of Esther and reminds us of the importance of standing up for what is right, even in the face of adversity. The Goldback is a unique and valuable addition to the world of currency, representing the enduring value of gold and the spirit of courage that lies within us all.
Denomination: | 5 (1/200oz) |
State: | Wyoming |
Length: | 5.12 in |
Width: | 2.56" |
Weight | 1.00 lbs. |