wdsimianer
4h ago
CURRENCY
South Dakota Goldback 1/1000 Troy Ounce 24K Gold
Key Facts & Value
Key Fact
Description
This is a 1/1000 Troy Ounce 24k gold "South Dakota Goldback" featuring the "Alliance of Friends" design. The obverse depicts a buffalo, a Native American figure, and an eagle in flight, surrounded by intricate designs and the year 2025. The reverse is not visible. It is a negotiable instrument, with a serial number 1427475.
History
The Goldback is a proprietary currency produced by Goldback, Inc. in the United States. Unlike traditional fiat currency, it is backed by a small amount of physical gold. Each Goldback is printed on a thin sheet of 24-karat gold. The 'Alliance of Friends' series aims to represent themes of unity and cooperation within each state.
Facts
Goldbacks are not legal tender but are designed to be used as a voluntary medium of exchange within participating businesses. They are often collected for their aesthetic appeal and as a way to hold small amounts of physical gold. The design elements are chosen to reflect the history and culture of the specific state they represent.
Value Fact
The value of this 1/1000 oz 24k Goldback is primarily tied to the spot price of gold, with a slight premium for its unique design and collectible nature. Comparable 1/1000 oz Goldbacks typically trade between $5-$10, influenced by gold market fluctuations and dealer markups.
Item Details
Official Details
Variation Details
wdsimianer Details
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