The Last 100 Goldback
It would seem Goldback Inc. flew too close to the sun with their 100 Goldback. While it is a beautiful design and has been well-received, the last one will be made for the state of Idaho. The move isn't unsurprising, and here's why.
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While beautiful, these 100 Goldbacks aren't cheap.
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Each 100 Goldback contains 1/10oz of gold. At $800 each, that's almost double the cost of competing bullion products. Looking at findbullionprices.com, I could get a random 1/10oz gold coin for $439.08 and save $360.92, because shipping is usually free.
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It makes sense why the 100 Goldback is going away with such stiff competition. The good news is the Liberty design will continue and instead be put on the 50 Goldback. While those are considerably cheaper, I still don't see myself paying for one of those. Sure, I might consider a 1 or 5 Goldback, but purely for the fun of collecting rather than any serious stacking. If you liked the Liberty design and would've bought one in a 50 Goldback, then keep your eyes peeled. I'm sure they'll be coming soon enough.
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Aurun sure built up a loyal fan base as afar as collecting these as concerned. Choosing great meaningful designs these notes enough to make collectors willing to pony up an extra premium on top.
Most stackers like you and me are pragmatic when coming to stacking gold, one or two semi collectable, but quietly stick to the more recognizable, liquid and practical forms of gold.
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Yes, they did a great job with marketing and the designs.
It's crazy how some people think they're a good investment and swear by them. It's cool that some businesses accept them, but I don't see them being widely adopted.
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art collectors
Exactly. The artwork is a major appeal.
The 100 Goldbacks will likely become a collector's piece now.
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I like the goldbacks. And have a few just as a novelty. I thi k they are a cool but unnecessary thing. Way to pricey for me.
Yeah, I like to collect them because they're cool. Definitely not practical for stacking.
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Thank you!