Since 1933, it has been virtually impossible for Americans to use gold in bartering or commercial transaction situations. While gold bullion coins and bars remain as a storage of wealth, spending such expensive products on everyday transactions is cumbersome at best and impossible at in most circumstances. With one small step, Utah has changed that by allow for privately-issued gold notes for bartering and payment. Now, 10 Utah Goldback Gold Notes are available to you for purchase online from JM Bullion.
- Notes arrive inside of protective sleeves!
- Middle weight offered in the Utah Goldback Note series!
- Available in random years.
- Contains 1/100 Troy oz of .999 pure gold.
- Prudence is depicted on the obverse face of the note.
- The same image appears in the mirror opposite on the reverse.
- Manufactured in the United States of America.
While Americans once had gold purchasing power in incremental denominations of $1, $2.50, $5, $10, and $20, those denominations were removed from circulation in 1933 when the nation ended its currency connection to the gold standard. Since that time, gold has not been a suitable format for commercial transactions.
At just 1/100 Troy oz of .999 pure gold, these 10 Utah Goldback Gold Notes are the equivalent of less than $20 (USD) in circulation and much easier to use for everyday purchases than modern gold bullion coins or bars that, at even just 1 oz, would have a value of $1,575. The Utah Legal Tender Act of 2011 opened the door for gold to return on a small scale only within its borders to those residents who want to hold a currency not susceptible to the wild swings of inflation.
Prudence is the focus of the design on the obverse of the 10 Utah Goldback Gold Note. As with depictions of Justice, she is shown with a blindfold over her eyes as she wields both the sword of Justice and the Scale of Balance. The scale itself shows that true justice is served with a balance of faith. As with depictions of Justice, the blindfold signifies her lack of bias while the sword depicts fair judgment. The personification of Prudence points to the ability to choose good while acting wisely.
All of the 10 Utah Goldback Gold Notes in this listing are brand-new forms of gold that arrive inside of protective sleeves. Each of the notes in the Utah Goldback Note series is printed with high-resolution, full-color graphics on thin sheets. This gold for sale is a truly unique, new option for all investors who simply want to own beautiful, one-of-a-kind gold products.
JM Bullion customer service is available to you at 800-276-6508. You can also connect to us live online through our chat service or email address feature.