For decades, the gold bullion marketplace has been dominated by gold bullion coins and gold bullion bars. In the late 2010s, companies like Valaurum have introduced a new means of gold investment in the form of Gold Notes and Goldbacks. These exciting options bring a new, affordable choice for investors with a unique backstory to the concept.
Historically, in the United States, gold notes were issued as a form of paper currency that was backed by gold coins deposited in banks. Americans could use these paper notes for commercial transactions and the notes could be redeemed at banks for hard currency matching the value of the note.
Valaurum is leading the charge to bring gold notes back in a true gold form. These notes look like paper money, but are actually made from thin layers of 24-karat gold between layers of polyester to protect the gold. Additionally, these notes typically have a face value, depending on the program of issue.
The most important distinction between Gold Notes and Goldbacks that you’ll find on JM Bullion is the face value and legal tender status of the piece. Gold Notes often boast beautiful designs on both faces of the gold note and have a legal tender face value assigned by a central bank or government that authorizes Valaurum to issue the notes.
Goldbacks are a unique form of gold note. Goldbacks are issued in values of 50, 25, 10, 5, and 1 in separate series, with each collection representing a different US state. Goldbacks are NOT US legal tender currency. However, Goldbacks ARE a form of voluntary currency. Vendors in a given state can opt to accept Goldbacks for everyday transactions, enabling Americans to once again spend a stable form of gold in transactions.
If you have any questions, please feel free to ask. JM Bullion customer service is available at 800-276-6508, online using our web chat, and via our email address. You can also visit our Payment Methods page to find quick answers to common payment-related issues.