u/AdditionalPizza7990

I've been looking at this one for like twenty minutes now. It looks like the theme is time and eternity. There's an hourglass in the bottom right and under the UV light the dinosaur gets comes back to life. The theme is surprisingly deep and unexpected.

It works for Utah because they have dinosaur national monument. I hope we see more pieces like this in the future.

There kinda is. Silver coins made before 1965 were made of 90% silver and a lot of dealers sell them by the face value as opposed to placing an individual value on each coin. There are still some businesses out there that will even price things in pre-1965 silver if people want to use it.

The cost of making these coins was born by another generation. During some years of these coins circulated for over 300% above their melt value. Now you can easily buy them close to just the melt value since there are so many around still.

If a new company were to want to make a silver round designed for circulation, they'd have to compete against the pricing of all of the coins that are already out there. A new system with new costs would simply be noncompetitive in pricing.

That said, it would be super cool if Goldback figured out how to make Silverback as a currency system work. What do you guys think?

There appears to be about as many businesses taking Goldbacks in Florida (2025) as there are in Utah (2019). To me this would suggest that Goldback should be focusing on more populated states like New York or Texas as opposed to places like Idaho.

The same amount of effort in churning out a series could open up larger market.

I mean... yeah Goldbacks would be better if the whole thing could be done at the melt value but that isn't a standard that any working system has ever used. I guess we just have to use dollars since Goldbacks aren't perfect. Oh well.

Here is my thinking... at the current rate Goldbacks could be in every state over the next 10 or so years and it's clear that each one is going to get a Limited run piece. If that is four states a year then that's like $1,400 per year per full series that I'm collecting.

From what I've seen most people online don't seem to be collecting all the states yet so having a full collection could be rare. Only 2,500 full collections are currently possible (because of D.C).

Aside from this it looks like the main purpose of the Limited Early Releases is to have a rewards program for people signing up businesses. If half of them are being used for business sign-ups then that leaves even fewer for collectors long-term. I doubt most business owners are parting with theirs.

I've been a collector for decades and I've learned a thing or two about what makes a collection worthwhile. Goldback collecting is taking off but I still believe that we are very early in terms of developing the market on these. Here are my thoughts and tips whether you've been collecting for awhile or you're just getting started. Keep in mind that everyone has a different budget and different goals. Some folks just want a collection for fun or themselves, others just want to have their own state. This post is speculating and exploring ways to maximize a collection's value over time.

• The main question to ask yourself is "What will the most serious collectors want later?" That will help you figure out what to try and get. Some collectibles go up in value a lot more than others. Generally you should be chasing pieces that are desirable to look at combined with a low mintage. Serious collectors will want their pieces graded as well.
• The #1. winner right now appears to be Silverbacks. The first round had 100,000 units. Initially they retailed at $10 or were given away for free. Now the Silverdragons Silverbacks run between $80 - $90 on Ebay. The most recent Hades Silverback has already jumped up to about $40 with the full amount offered being 50,000.
• Silverbacks also have an elite version for the first 1,000 numbers in a batch. I've seen these go for over $1,000 each but if you're extremely quick then you can get them for a couple hundred bucks when they come out.
• The second interesting Goldback type to collect is the Limited Early Releases. Every new state has its own Limited piece that shows a mintage # on there. These started with Florida. Goldback sells the ms70 <-[Highest Grade] to help market in the new state. The lower quality Goldbacks are given away to businesses that sign up as well as to people referring them. On Ebay it seems that the ms70 maintain their premium while the sub70s do not. This is probably in part due to so referrers selling their sign-up rewards. The fact that they do this makes it possible to get a L.E.R for sometimes below $200!
• The play with the Limited Early Release program in my opinion is to collect all 50 states plus D.C. It sounds like Goldback Inc. is going to put out a collector binder for this as well. Given that only 3,000 exist for Idaho I suspect that the entire 50 state + DC collection could end up being the Holy Grail in 5-10 years with earlier states being the hardest to come by.
• There's also low mintage years for Goldbacks. These ones are unpredictable and mintage numbers are only released once a year well after the previous year is over. In 2025 for example fewer than a 1,000 Utah 50's were made. Most of the production went to new states. If you manage to get a 2025 Utah 50 or 25 then my recommendation would be to get it graded. There are collectors that want to own every year of every Goldback and we could see more of that type of collecting in the future. If this sounds like you then be warned that most distributors don't pay attention to the year on the Goldback and could just as easily sell you a 2022 Utah 50 as a 2025 Utah 50. QuiverCollectibles and DefytheGrid are a couple of the dealers that do pay attention to the year. Quiver will grade rare ones for you.
• Speaking of QuiverCollectibles [I have no affiliation] they also have a mintage chart that is by far the most helpful of anyone here.
• Goldback doesn't make many collectible pieces but they do a framed and signed piece for each state. Arizona, and Oklahoma only have a hundred each that were made. These are expensive but also extremely limited.
• There's also the Goldback 100 denomination. There still seems to be a decent amount on the market but I suspect they will be harder to come by over time starting with the Idaho 100. The Idaho 100 denomination may end up proving to be more rare than the L.E.R with fewer than 3,000 ever made. The only downside is that you're looking at ~$800 for just one of them! Again, my recommendation would be to get it graded because this will be hard to find for collectors later and any serious collector would want one.
• The most important thing is that you're having fun and that you appreciate your own collection. Goldbacks are still very new but they are starting to get a lot more popular. It's a good time to get things before they become more mainstream. Happy hunting!

I want to see more memes! In case you needed an idea. There's websites that help you make them too!

These things are so hard to photograph well!

It says something about this sub. Here's my theory:

• Goldback Collectors don't care about a temporary price decrease because Goldback collectors aren't short-term flippers for the most part.
• People using Goldbacks as an alternative currency don't care either because the long-term projections for the dollar's value haven't changed either.
• Most things got hit worse.

Rereading 200 hours sounds like a big commitment. On the other hand I may have forgotten at least a third of the characters, especially minor ones.

and don't put a price on your free time of course.

No one hates on the irrelevant and unseen.

Goldback hate seems to have peaked right as Goldback obtained 1,600% market share growth during a bad year for precious metals. People are threatened. Goldback is an unorthodox gold product in every way.

If Goldback continues to grow then I think we will see a LOT more hate. We've only seen gentle hate from fellow gold bugs. Wait until the crypto maximalist bros and banks start throwing rocks with a budget. Things are going to get crazy. I don't see Goldback slowing down.

Buckle up

Beethoven was prolific. He set an entirely new bar for creative output.

His work was admired in his day and for hundreds of years later. He is a legend. People of culture and taste followed him then and listen to him now. His legacy is indisputable.

He changed the rules and invented an entirely new style of music. It is incredible music.

Sanderson is the Beethoven of fantasy.

The vast majority of people buying Pokémon cards are doing so because they are investing/collecting the cards. A minority are playing the trading card game.

For Goldbacks it is similar. Most people are buying Goldbacks because they are investing/collecting the different Goldbacks. It feels like it is just a minority that are using Goldbacks as an alternative local currency deal.

It's an interesting dynamic.

The last few thousands years is full of melts. Silver was recycled from old Greek staters into Roman coins and from old Roman coins into new ones. From there the silver was made into Medieval coins and then eventually modern ones.

The interesting ones get pulled aside. I've got silver coins from Ancient Greece as well as Ancient Rome.

It's part of the normal course that constitutional silver would follow the path of every mass produced silver coinage preceding it. Back into the smelter to become something else.

What makes me feel trepidation is that fact that no government is actively minting fractional silver anymore. The entry point for silver will only go higher with the melting of all these dimes. Maybe I'm wrong though. What do you guys think?