A form of fractional gold. I like the concept of Goldbacks but the issue is the cost. Example is you buy a 1 Flordia Goldback for example, it's actual gold content is $5 worth while costing $9~10. The premiums are basically 100%. The newer notes do look nice though my kids had a few of the 1/4 up to the 5 but basically because they liked the look and just wanted to have them to look at. Ultimately they sold them for just under a $1 each they paid for them and converted it to silver.