Sponsored by Senator Rodriguez, Senate Bill 132 aims to redefine financial transactions, taxation, and payment of debts using these alternative forms of currency.
The legislation would also exempt transactions involving gold, silver, and related currencies from taxation. The move reflects a growing interest in alternative monetary systems as a hedge against economic uncertainties.
The proposed bill includes several significant measures:
・Definition of Legal Tender:
・Tax Exemptions:
・Government Acceptance:
・Prohibition on Compulsion:
・Regulatory Framework:
If passed, SB 132 would make Florida one of the few states to officially recognize gold, silver, and digital currencies as legal tender.
Copper production from Chile’s state-run miner Codelco, the world’s largest producer of the metal, jumped nearly 17% in November, helping to boost overall output of the metal in the mineral-rich nation by some 10%, data from copper commission Cochilco showed on Friday.
Taking Friday’s results into account, Chile’s total production in November was up 9.8% to 486,200 tons, Cochilco said.
ABX-3.10% rose 2.32% to C$26.47 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index
Gold prices were stuck in range-bound trade on Thursday as investors awaited U.S. non-farm payrolls data that could influence the Federal Reserve’s timeline for interest rate cuts.
Spot gold was down 0.3% at $3,347.44 an ounce by 1128 GMT. U.S. gold futures eased by 0.1% to $3,358.
The non-farm payrolls report due at 1230 GMT on Thursday is expected to show an addition of 110,000 jobs in June, down from 139,000 in May, according to a Reuters poll.
Spot silver rose 0.9% to $36.93 an ounce while platinum lost 2.7% to $1,379.95 and palladium retreated by 1.9% to $1,132.76.
Medalcraft Mint in Green Bay, Wisconsin, is now marketing 2.75-inch (69.85-millimeter) Proof bronze versions and Proof silver versions of the official Donald J. Trump presidential inaugural medal, along with a six-piece process set that illustrates the progression of the striking process for the bronze medals.
According to Medalcraft sales representative Branden Beyer, the bronze medals are being offered at $75 each, the silver medal at more than $900 depending on the fluctuating daily spot price of silver, and the six-piece process set at $650.
President Trump and the Elon Musk-led Department of Government Efficiency (DOGE) have now targeted the San Francisco Mint for closure in a bid to sell the real estate on which the National Register of Historic Places structure stands, theoretically to reduce government expenses.
Mint-wide, the bureau has already trimmed more than 100 full-time staffers, with an edict from DOGE to trim another 200, while the bureau wrestles with vacancies, some of which still need to be filled. Many of the positions trimmed were resolved through resignations and retirements.
Closing the San Francisco Mint could affect the production of many numismatic products, such as Proof sets, silver Proof sets, Proof commemorative coins and Matte silver presidential medals.
Goldbacks are a unique form of physical gold investment—beautifully designed bills containing actual .999 fine gold (24K). Unlike traditional gold coins or bars, goldbacks offer an innovative way to both invest in precious metals and spend them in everyday transactions.
If you’re exploring precious metals investments or looking for alternative ways to store value, goldbacks deserve serious consideration. This comprehensive guide will walk you through everything you need to know about buying goldbacks, understanding their investment potential, and finding reputable dealers in your area.
In this guide, you’ll learn:
What goldbacks are and how they work
Why investors choose goldbacks (the sound money movement)
Goldbacks are physical currency containing gold foil—not gold coins or bars, but actual bills with gold embedded within them. Each bill is precisely measured and contains a specific amount of .999 fine gold (24K) layered between 2 polymer sheets. These bills are flexible and durable making them desirable for the right consumer. They’re designed for both investment and everyday spending.
Key features of goldbacks:
✓ Verified gold content — Each bill displays the exact amount and value of gold on the front ✓ Beautiful design — Created by professional artists with intricate artwork ✓ Security features — Built-in anti-counterfeiting measures on every bill ✓ Portability — Easy to store and transport compared to bars ✓ Eight denominations — Multiple options to suit different budgets ✓ Spendable — Designed for both investment and transactions
Goldback denominations (as of 2026):
Current Availability Goldbacks have significantly expanded since their 2019 launch. Currently, goldbacks are available in 10 states and 2 major cities:
States:
Utah (original series, 2019)
Nevada
New Hampshire
Wyoming
Idaho
South Dakota
Oklahoma
Florida
Arizona
Washington D.C. (city)
Washington D.C Goldbacks were supposed to be released this year but it is said that it may be delayed until 2027.
Photo taken from the GoldBack archive
Latest Additions:
California (newest state series)
Florida (newest state series)
Dallas, Texas (newest city series) 2025 – only 352,000 were produced.
California and Florida Goldbacks launch June 30th, 2026. California having a limited early release with expected shipping around July 14th, 2026.
Growth trajectory: The Goldback series continues expanding, with new states and cities gradually being added. Check with dealers for the latest availability in your area.
How Goldbacks Work: Investment & Spending
Goldbacks function differently from traditional precious metals investments. They exist in the intersection between collectible currency and store-of-value asset.
The investment model: Each goldback bill contains a specific, measurable amount of .999 fine gold. The bill itself is the container and proof of authenticity. You’re not buying paper currency—you’re buying physical gold in a portable, spendable form.
Spending goldbacks: While you cannot spend goldbacks at traditional retail stores (yet), a growing network of small businesses, online retailers, and precious metals dealers accept them as payment. This is the key differentiator from traditional gold investments: goldbacks are designed for both storage AND spending.
Why Investors Buy Goldbacks: The Sound Money Movement
Goldbacks appeal to investors who believe in the sound money movement, the philosophy that real assets like gold hold intrinsic value, unlike fiat paper currency. This is the reason why I have purchased goldbacks myself.
Sound money basics:
Fiat currency (paper money) loses value over time through inflation
Gold maintains purchasing power across decades and centuries
Sound money advocates believe precious metals should be part of a diversified portfolio
Gold provides protection against economic uncertainty
Why this matters now: During periods of economic uncertainty, inflation concerns, and currency devaluation, sound money advocates turn to precious metals as a hedge. Goldbacks offer a modern, practical way to participate in this philosophy.
The accessibility factor: Traditional gold bars are valuable but not practical for everyday transactions. Goldbacks bridge this gap where they’re small enough to use for everyday purchases but represent real, measurable gold value.
Goldbacks Pros & Cons
Like any investment, goldbacks have advantages and disadvantages. Here’s what you need to know:
Pros of Buying Goldbacks
Inflation hedge — Gold has historically protected against inflation. As the dollar weakens, gold value typically increases.
Spendable form — Unlike bars, goldbacks can be spent at businesses that accept them, offering flexibility traditional gold investments lack.
Collectibility — Certain bills and state series may become collectible, potentially increasing value beyond gold content.
Privacy — Direct, personal transactions without bank involvement or government tracking.
Physical tangibility — Unlike digital assets, goldbacks are physical, verifiable, and in your hands.
Portability — Easy to store, transport, and hide compared to gold bars.
Beauty and design — The artistic quality makes goldbacks appealing to collectors and investors alike.
Cons of Buying Goldbacks
Limited liquidity — Finding buyers for goldbacks can be challenging. Unlike established coins, the resale market is still developing.
Price volatility — Goldback value is tied directly to gold spot prices, which fluctuate daily.
Storage requirements — Proper storage protects against damage and loss. Poor storage can reduce value.
Premium pricing — You’ll pay more than the raw gold value. Production costs create a premium above spot price similar to numismatic coins.
Limited acceptance — Currently, few businesses accept goldbacks as payment. This is changing but remains a limiting factor.
Market uncertainty — Goldbacks are still relatively new (launched 2019). Long-term adoption is unknown. Just like silver rounds. But that’s a different topic.
How to Buy Goldbacks: Step-by-Step Guide
Ready to purchase goldbacks? Here’s the process:
Step 1: Research Your Options
Before buying, understand what you’re getting. Research these bullets:
Current goldback series available in your state
Gold content per denomination
Current spot gold prices
Available retailers and dealers
Step 2: Find a Reputable Dealer
This is critical. Work with established, verified precious metals dealers who:
Finding a trustworthy dealer is a bit of journey. We all think we can just walk up to a store that claims they are gold dealers or coin dealers BUT we need to make sure that we vetting them first. Ask the right questions and know a bit about the business before walking in.
When purchasing goldbacks, work with established precious metals dealers who have:
Verified business history (check years in business)
Positive customer reviews and reputation
Clear pricing transparency
Expert knowledge about goldbacks
Authentication verification
Local availability (if preferred)
VictoriasCoin: Your Dealer Directory
VictoriasCoin maintains a curated, verified directory of precious metals dealers across the United States. Many of our listed dealers specialize in gold, silver, and coin dealers. Not all dealers sell goldbacks but may be more accepting of purchasing it from you so it’s important to call beforehand. Here are a few things to do before you make your move:
Answer questions about authenticity
Discuss goldback investment strategies
Compare pricing across denominations
Explain state-specific series
Help with storage recommendations
Is Buying Goldbacks Worth It? Final Thoughts
Whether goldbacks are a good investment depends on your financial goals, risk tolerance, and belief in sound money principles.
Goldbacks make sense if you:
Believe in sound money and precious metals as a hedge
Want a spendable form of gold
Appreciate the collectibility and design
Can afford the premium above spot prices
Understand the market is still developing
Have a long-term investment horizon
Consider alternatives if:
You need maximum liquidity (gold bars/coins may be better)
You can’t afford premiums above spot price
You need to spend your investment frequently
You prefer established, widely-accepted precious metals
The bottom line: Goldbacks represent an innovative way to invest in gold while maintaining the ability to spend it. While still relatively new, growing merchant acceptance and collector interest suggest goldbacks will play an increasing role in the precious metals market. I hope this
Get Started: Find Goldback Dealers Today
If you’re ready to explore goldback investing, the first step is finding a knowledgeable, reputable dealer who can guide you through the process.
VictoriasCoin – National Gold & Silver Dealer directory features verified precious metals dealers across the U.S. Many specialize in gold and silver and can answer your questions about authenticity, pricing, state series, and investment strategy for goldbacks. Give your local dealer a call or schedule an appointment.
Looking for an online solution, find goldbacks at trusted retailers like Money Metals Exchange.
*Disclosure: VictoriasCoin may earn affiliate commissions from Money Metals Exchange and other dealer partnerships at no additional cost to you. This helps support our work creating this directory.*
