Goldback, Inc. Discontinues 100 Goldbacks

 

Goldback, Inc. Discontinues 100 Goldbacks

(Bullion News Network) – For the first time in the project’s history, Goldbacks are losing a denomination. Goldback, Inc., the company behind the Goldback collection of voluntary currency notes made with real gold, recently announced that they plan to discontinue the 100 Goldback note for future releases. The 100 Goldback contains 1/10 troy ounce of actual gold and is the largest Goldback denomination ever released.

A single Goldback is minted with 1/1000 troy ounce of real gold. Because Goldback denominations are fungible, each larger denominations contain multiplicative amounts of gold. In other words, a 10 Goldback contains 1/100 troy ounce of gold, a 25 Goldback features 1/40 troy ounce, and the 50 Goldback is made using 1/20 troy ounce. Introduced in 2025, the 100 Goldback was the largest denomination in the series and featured 1/10 troy ounce of gold.

The last denomination-100 Goldbacks will be released with the Idaho Goldback series, which was introduced earlier this month. New releases of Goldbacks will range in denomination from the 1/4 Goldback to the 50 Goldback.

According to Goldback, Inc., the move is meant to further the project’s goals of fostering the use of gold as usable currency. Given rising gold prices, a 100 Idaho Goldback can sell for $850 or more, making it impractical for most everyday transactions. Goldback, Inc. also explained in a press release that the 100 Goldback tends to sell at higher premiums than most 1/10 oz gold products, further driving up its cost and decreasing its usability as a functional voluntary currency.

Given its higher value, the 100 does not circulate as often as other denominations. It also comes at a higher price point compared to other 1/10th oz gold products on the market. These issues have only compounded as gold prices have increased. 

The company plans to shift its focus to smaller Goldback denominations, such as the 1/4 Goldback, which have offered collectors an accessible and budget-friendly way to buy the tradable gold notes. The 1/4 Goldback was introduced in March with the Idaho series and is the smallest Goldback denomination to be released so far. Goldback, Inc. plans to release a 1/4 Goldback for its upcoming collections.

Eliminating the 100 Goldback may also make it easier for collectors to purchase an entire series, Goldback, Inc. argued in its press release. The discontinuation of the 100 Goldback note will decrease the cost of buying an entire state series by approximately 50%, the company explained, which will make it “much more practical” to build an entire state collection of the gold notes.

100 Goldbacks will still be “accepted within the Goldback network” by participating businesses, but future releases will not feature the high-denomination gold note. The “Libertas” design theme found on legacy 100 Goldback notes will be used for the 50 denomination moving forward. Meanwhile, collectors will still be able to purchase 100 Goldback notes from distributors until the denomination sells out.

Available denominations for future Goldback series releases will include:

• 1/4 Goldback (1/4000th oz of gold)
• 1/2 Goldback (1/2000th oz of gold)
• 1 Goldback (1/1000th oz of gold)
• 2 Goldback (1/500th oz of gold)
• 5 Goldback (1/200th oz of gold)
• 10 Goldback (1/100th oz of gold)
• 25 Goldback (1/40th oz of Gold)
• 50 Goldback (1/20th oz of Gold)

For Goldback collections are scheduled for release in 2026. The Idaho Goldback series launched in March of 2026, and additional collections for Utah, Nevada, and Colorado are scheduled to be introduced later this year. As these new collections release without the 100 Goldback, the project’s largest denomination will likely fade from circulation over time.

Moving forward, Goldback, Inc. plans to focus on smaller denominations to pursue the Goldback project’s mission of creating a convenient, usable form of gold currency. Rising gold prices may have led to the end of the 100 Goldback, but smaller denominations introduced to the market will continue to function as effective mediums of exchange between collectors and participating businesses.

The 100 Goldback is being discontinued, but the Goldback project is still going strong. We will update this page with more information as it becomes available.