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The first thing to note is that Goldbacks are NOT US legal tender currency. Goldbacks represent a form of voluntary currency. Goldbacks are offered in weights of 1/20, 1/40, 1/100, 1/200, and 1/1000 Troy oz of .9999 pure gold. As voluntary currency, vendors and retailers in US states can signup to agree to accept Goldbacks for purchases. Larry wrote an incredible legal argument in a letter to the Utah State Tax Commission about the Goldback’s potential legal tender status in the state of Utah. He shared that open letter with the UPMA board, which also helped sway many of the fence sitters . . . Open Letter On Goldback’s Qualification as Utah Specie Legal Tender Feb 27, 2020 · The Goldback project truly began in spirit with the passage of the Utah Legal Tender Act in 2011 which recognized certain types of Gold as currency within the state. Since that time the technology to mint gold into a spendable form for small transactions has come to fruition. 4 Jan 2023 ... The legislation would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, ...Larry wrote an incredible legal argument in a letter to the Utah State Tax Commission about the Goldback’s potential legal tender status in the state of Utah. He shared that open …Utah Goldbacks Utah Goldbacks was the very first local, voluntary currency, made of beautiful, spendable, .999 fine physical Gold, that vendors can choose to accept for transactions. In 2011, the Utah Legal Tender Act was passed, recognizing gold as currency.An encouraging victory for sound money has just taken place in West Virginia where they have now announced plans to remove taxation on precious metals as of July 1, 2019. Louisiana, Utah, and Texas have passed legislation recognizing gold and silver as legal tender, a move that allows citizens to make transactions using precious metals in place ...As defined in the Coinage Act 1971 you can pay any amount of up to 20 pence in 1p coins. The buyer and the seller can agree to allow payment of a higher amount in penny coins, but pennies coins are not legal tender for payments over 20p. Save yourself the trouble and don’t pay large debts with copper small change.Even though the notes are not US legal tender, vendors can opt to accept these gold notes as currency for transactions on everyday purchases. The fact that Wyoming Goldbacks go as low as 1/1000 Troy oz also makes it feasible to spend these notes for smaller transactions, as opposed to 1 Troy oz gold bullion coins that cost thousands per coin.If lived in one of the four states that the goldbacks are labeled with. If I lived in one of the 11 states that have passed law making gold and silver legal tender again. It would make more sense for me to try to support goldback's idea/concept if I lived in one of these states.Utah Goldbacks was the very first local, voluntary currency, made of beautiful, spendable, .999 fine physical gold that vendors can choose to accept for transactions. In 2011, the Utah Legal Tender Act was passed, recognizing gold as currency. In late 2019, the Utah Goldback series came to the market.The Utah GoldBacks are not a scam. The uninformed party should have done some proper research. The Utah GoldBacks were approved for use by the Utah State legislature. They are honored as currency by a growing number of Utah companies. The GoldBacks are more expensive than an actual gold coin. While Goldbacks are not considered legal tender, they’re one of the world’s latest attempts at a gold-backed paper currency. thin notes that contain actual gold bullion beneath a plastic cover. Higher denominations contain a larger quantity of physical gold, but all Goldbacks feature at least some .9999 fine gold bullion.23 US states move to reclaim gold and silver as legal tender Friday, April 07, 2023 08:21 AM | Invezz via QuoteMedia 23 US states move to reclaim gold and silver as legal tender 2023-04-07 08:21:54 ET As …The U.S. dollar is both fiat money and legal tender. In 1933, the U.S. federal government stopped allowing citizens to exchange currency for government gold.The United Precious Metals Association (UPMA) was established in response to the passage of the Utah Specie Legal Tender Act in early 2011. UPMA aims to provide viable choices in currency; offering accounts …• 1 Utah Goldback 1/1000 oz (0.001 oz) of .999 fine Gold Not legal tender • Made in the United States ... Goldbacks was launched in Utah with the vision of re-introducing gold as a form of daily spending in normal commerce. Today in Utah hundreds of stores already accept Goldbacks for goods and services, and more and more stores and people ...Wyoming Goldbacks Available 9-19-22. 14-July-2022 — Goldback News. Wyoming Goldbacks now have an official release date! The new Goldbacks will be released on September 19th of 2022 by most Goldback retailers. Some Goldback retailers will begin pre-sales on August 1st of 2022, at that time images will be released.The Utah GoldBacks are not a scam. The uninformed party should have done some proper research. The Utah GoldBacks were approved for use by the Utah State legislature. They are honored as currency by a growing number of Utah companies. The GoldBacks are more expensive than an actual gold coin.For the first time individuals can spend physical gold on small items like a smoothie, or large purchases like a home remodel. The Goldback® solves the 2,600 year “small coin problem” by allowing physical gold to be used for any size transaction. One Goldback contains 1/1,000th of an oz of 24 karat gold. Our Fifty Goldback contains 50 ...Goldbacks Goldbacks are not legal tender, but they are valid for barter, trade, discounts. Legal Status

Exchange Rate One Goldback $ 4.35 01-Dec-2023 10am Utah How Exchange Rate Is Set We determine our exchange rate by averaging the paper dollar …This new service, designed to further encourage the use of your precious metal holdings for everyday transactions, is readily available through each member’s online account portal. A modest monthly fee of 20 basis points applies. Annually, this amounts to less than 2.5% of the pawned specie. For more information on how this works and how to ...2) Personal checks, cashier’s checks, or money orders: All payable to: Legal Tender Services PLLC. Please mail to: UPMA/Legal Tender Services, 333 S Main St, Alpine, UT 84004. This is the most common form of deposit. You may even send a physical check via bill-pay which can be done through your bank or credit union. For the first time individuals can spend physical gold on small items like a smoothie, or large purchases like a home remodel. The Goldback® solves the 2,600 year “small coin problem” by allowing physical gold to be used for any size transaction. One Goldback contains 1/1,000th of an oz of 24 karat gold. Our Fifty Goldback contains 50 ...

The Utah GoldBacks are not a scam. The uninformed party should have done some proper research. The Utah GoldBacks were approved for use by the Utah State legislature. They are honored as currency by a growing number of Utah companies. The GoldBacks are more expensive than an actual gold coin.Nov 25, 2022 · The company started in Utah in 2019 after the state legislature made it easier to buy and sell goldbacks there. The company has mapped more than 600 small businesses in Utah, New Hampshire and ... Are goldbacks legal tender? 12. What are Utah goldbacks? 13. Are goldback notes worth anything? 14. How can I get free goldbacks? 15. Is silver legal ……

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Mar 29, 2022 · The law exempts “sales of a note, leaf, foil, or f. Possible cause: States like Utah, Nevada, New Hampshire, and Wyoming have passed legislat.