The Utah 50 Goldback is the largest denomination of the Utah goldbacks, a voluntary currency that is accepted at many merchants and vendors all over Utah. After the Utah Legal Tender Act of 2011, gold and silver coins are considered legal tender in Utah. The Utah goldbacks were created shortly after as an easier way to trade in gold. Since they aren’t coins, vendors can choose whether or not to accept them.
- Made of 1/20 oz .999 fine gold
- On the obverse or front is Lady Liberty lifting her hands to the sky surrounded by symbols of Utah
- Reverse has a mirror image of the front design
Goldbacks are made with gold foil and sandwiched between two pieces of polyester for protection and durability. Using this technology, each note can be made with different portions of gold for each denomination. With each bill containing gold, merchants, and vendors love to accept them as payment. Collectors outside of Utah love them for their gold content as well and offer a more affordable way to purchase some gold for their collection.
Each denomination of goldback has a different design. The 50 goldback has a picture of Lady Liberty lifting both hands to the sky, one carrying a torch. Surrounding Liberty are symbols from Utah’s history including the Deseret Shield, a mountain lion, and a lamb. In the backgroun is Bear Lake, the 2nd largest freshwater lake in Utah.
Be sure and get your 50 Utah Goldback note today and take home a beautifully designed bill that is a great solution for someone wanting to buy gold that is more convenient in size and form. You can use them all over Utah as tender or pile them in stacks to build your gold reserves. Either way, you can go wrong with these.