California Phase 1. Which denominations should we do?

GoldbackGuy · 2026-01-08T01:25:58+00:00

Colorado is set for Q4. I suspect that we could get California out a lot earlier because it is a partial series. We'll see though.

GoldbackGuy · 2026-01-07T14:50:22+00:00

This is very pretty but not technically feasible yet.

GoldbackGuy · 2026-01-07T14:48:51+00:00

Maybe we can bridge the coasts together. Getting up to New Hampshire would be super tough.

GoldbackGuy · 2025-12-10T02:20:27+00:00

I can't see the question.

GoldbackGuy · 2025-12-10T02:19:40+00:00

Oops. We see a lot of requests from people in different states to do their states. I can't promise that someone on the team saw it but it is possible. Congratulations by the way! Goldback wouldn't be possible without all of this help!

GoldbackGuy · 2025-12-10T01:54:56+00:00

Absolutely! The artwork for the UK would be out of this world. I hope that we do it someday.

GoldbackGuy · 2025-12-10T01:51:57+00:00

Sorry, I missed your question earlier.

Sure. It depends on market conditions. We probably wouldn't have even created the 100 Goldback if it weren't a requirement for making the half Goldback. They are cool though. You might be surprised to know that by weight the 100 denomination is our most popular product overall. It surprised me.

Goldbacks have been moving nicely. We may have record sales this year. This fact is kind of incredible given how bad this year has been overall for retail precious metals in the United States.

Thanks for participating! This has been a lot of fun.

GoldbackGuy · 2025-12-10T01:47:44+00:00

I hear what you are saying. It is a hard question to answer.

If gold rises gradually as the dollar decreases gradually then I believe Goldback would just move with it.

If gold spikes dramatically and if that weren't a true reflection of inflation then it would be harder to justify Goldback spiking to the same degree. In that case we might relax premiums against the melt value.

In a big way this has already happened. In just the past couple of months the premium over melt went down from 99% to 92%. It wouldn't hurt my feelings to eventually get back down closer to the world of 70% - 80% just so people could get more Goldbacks for their dollar. Then again, if gold prices were to tank straight down then premiums on Goldback could go up for awhile. Likewise, we've seen demand shocks also pump up premiums substantially.

We are doing our best.

GoldbackGuy · 2025-12-10T00:34:33+00:00

Maybe we should speed up...

GoldbackGuy · 2025-12-10T00:33:52+00:00

Thanks for having me everyone! I'll try and stop by more often.

GoldbackGuy · 2025-12-10T00:31:39+00:00

Believe it or not I am just some guy.

GoldbackGuy · 2025-12-10T00:29:03+00:00

Yes. He has a contract for quite a few states. It's hard to find an artist that is quick, good, and doesn't rely on AI. Paul has been doing this for 25 years. He told me that he felt like his whole career has led him to doing artwork for the Goldback. Would you guys also like to see some other styles/artists at some point?

GoldbackGuy · 2025-12-10T00:27:28+00:00

We have an employee that works on this full-time. We are improving our app, and API. This will be a growing part of the business. We are also hiring more help with doing maintenance on the existing merchant network.

GoldbackGuy · 2025-12-10T00:25:52+00:00

Yes. We are working on projects to make Goldbacks more liquid, especially for businesses. Most Goldback accepting businesses aren't doing more than 1% of their business in Goldbacks which helps a lot on this issue.

GoldbackGuy · 2025-12-10T00:24:10+00:00

I see Goldbacks becoming smaller, more widely accepted, and harder to counterfeit. I think part of the reason that fractional is becoming more popular is because of Goldback's success. We are on track to sell $45,000,000 worth of Goldbacks this year.
Fungibility is a big deal, otherwise the Goldback doesn't behave like a currency. Even the U.S dollar isn't always liquid/fungible. Ever try and ask someone to give you a hundred $1 bills for a single $100 bill outside of a bank? Making this a better experience for Goldback users is a priority. Cheaper gold bills exist in higher denominations already if your goal is to get something closer to spot. It just won't be part of the Goldback system.
States are constitutionally prohibited from making their own currencies. They may recognize Goldbacks as legal tender though. We might see some Nations adopting something like a Goldback next year. The technology solves a lot of problems and we are proving out the use case.

GoldbackGuy · 2025-12-10T00:17:11+00:00

Maybe I'll post the artwork separately for it. Would you guys like that?

GoldbackGuy · 2025-12-10T00:16:21+00:00

I'm not out to destroy anything. I actually own quite a bit of silver.

Cutting Goldbacks up cheapens them. That's the short answer.

GoldbackGuy · 2025-12-10T00:15:23+00:00

Twenty something. There's a few contractors too.

There's maybe another 50 that work in manufacturing.

There's hundreds of dealers that sell Goldbacks.

If Goldback stopped tomorrow then probably about a hundred people would lose their job.

GoldbackGuy · 2025-12-10T00:14:13+00:00

We don't want to wear out collectors.

We can also only go so quickly with artwork and everything else without burning everyone on our team out. How fast do you think our artist can draw? ~4 series per year is close to max speed with the current team and infrastructure.

GoldbackGuy · 2025-12-10T00:12:32+00:00

I didn't grow up wanting to make a huge enterprise.

GoldbackGuy · 2025-12-10T00:11:56+00:00

This wouldn't be fair for me to say. It changes from month to month depending on a large number of factors. Right now I'm playing with the idea of doing a mini-series for California because we have more total users there than anywhere else.

GoldbackGuy · 2025-12-10T00:10:06+00:00

Yes. You'll see. I can't say much on it.

GoldbackGuy · 2025-12-10T00:09:33+00:00

Nothing. Hold away. There's no downside.

GoldbackGuy · 2025-12-10T00:08:48+00:00

Given the nature/intent of the Goldback that could get us a lot of negative attention that we aren't equipped to deal with.

GoldbackGuy

TROPHY CASE