Idaho is the next most likely Goldback state because it is one of the top 12 states in the Sound Money Index and adjacent to two other Goldback states, Utah and Wyoming.
...I've bought a few for the novelty, & have been giving them for tips at restaurants, barber shop, pubs, etc...I've been really surprised at how excited folks actually get upon receiving one & realizing what they are ... most reactions are honestly more than polite expression ... quite a few merchants & small businesses that I've talked with (farmers mkt., flea mkt, & the like) are very receptive to the idea of trading for them ... ...as it is a private venture, I still have a reserve about their sustainability ... the premium is too high, compared to bullion items, (my opinion) to seriously keep as an investment, & their collectability, although immensely popular at this time, could go the way of the BEENIE BABY at any time ...
..........BY THE WAY.........LOVE 'M OR HATE 'M................................. ...Did you know that, technically, a GOLDBACK "note" is actually a coin? (...a gold coin, at that...)... I know...I know...doesn't look like a coin & everyone refers to them as notes, but, because of their metal content, they qualify as "coins" ... ...Although this description changed on other issues, notice the description on the bottom of this 2019 UTAH goldback (2019 was the first year of issue) ..........DANG, THESE ARE HARD TO PHOTOGRAPH PROPERLY........
They can call them "coins" if they want to - and they certainly do want to, because they want state governments to declare them legal tender and states are only constitutionally allowed to declare "coins" legal tender - but no-one has actually ruled on what the Constitutional definition of a "coin" is, and whether or not goldbacks fit that definition. But a coin doesn't become a coin just because someone slaps a "coin" label on it. The "conventional" definition, from a numismatist's point of view and one could argue with US legal precedent, is a "coin" must first be issued by a recognized government that has either been granted or has granted itself authority to issue coins. And goldbacks don't qualify under that definition.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
@Sap...can't argue those points, Sap ... Constitution says that only Congress can issue (legal) money. We should remind our congress of that fact ... ...on another vein ... who wouldn't want real bullion (gold & silver) back in our coinage...?
...no doubt our 'Fed' has printed a copious (kind underestimate) amount of debt for us ... but would not have happened if the debt was limited to the amount of gold & silver on hand ... BTW ... more than one court has ruled that our bills are not money, but, rather a promissory note, an IOU ... we've definitely "spent" our way into a hole ... ...me, I'll favor the approach on not spending what you don't have (yes...I've had a house note, & have had car notes...not exactly practicing that which I speak...but that's all, & learned the lesson from that: debt can be a trap...) ...'Nuf politics ...
The Goldbacks may have been in small states before, but now it looks like they are going big by adding a large state like Florida. They will be released on 2025-01-15, and I've seen them for pre-sale. There is a newer 1/2 Goldback, a 2 and a large 100 Goldback that is 1/10th Oz of Gold but in a note.
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Posted 02/21/2024 2:21 pm
to the Community, dhinckle!
