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10 SOUTH DAKOTA Goldback 1/100 oz 24K Pure Gold Aurum Gold Foil Note
THIS IS A GREAT COLLECTORS' PIECE!!
Goldbacks are shaped like regular currency notes but contain gold. The gold is contained between two layers of clear polyester, which add artistic elements to the fractional gold bullion they contain. The term "Goldback" refers to each unit of the currency and is 1/1000 of an ounce of pure gold. The notes are minted by , a private mint. Valaurum uses a vacuum deposition process to fuse gold together into thin sheets encased in a plastic film designed to hold the gold. More than US$20 million worth of Goldbacks have been manufactured and circulated, although an up-to-date market cap is not published. While it is sold as a "local currency" only in five regions, they have been more broadly purchased as a gold product or for their collector's value.