MASSIVE Florida Goldbacks Unboxing! New & Secret!

[@thewingedmessenger8860]

The State of Florida is looking to make the Goldback officially legal tender! It might be the first State to actually do that. There's a lot of excitement down here and that's before the PR/Marketing campaigns start hitting. Gold as money is making a huge comeback!

[@Spegtacular]

I think that’s going to be huge! Nothing is instant though. It'll take time. For now, a super cool collectible.

[@AdamWest-h5z]

This is true, I looked it up. Bill S132, If passed, Florida will be the first state to accept gold and silver bullion to pay for goods and services and to pay TAXES. GB will be accepted as well. Any digital currency will be backed by gold and silver.

[@AdamWest-h5z]

The 5 is gorgeous

[@roberthealey7238]

I thought at least one of the other goldback states allowed them to be used as legal specie already?

[@bosstone100]

​@@Spegtacular It looks like tax is being charged in Florida for these. I guess we'll have to wait until GBs are adopted before they are considered currency or bullion.

[@Goldbacker00]

I'm super excited about the halves from a utility standpoint but I have to say the 5 artwork absolutely has me blown away

[@Spegtacular]

ditto!

[@andrewcrawley8005]

The 100 is my favorite! With lady liberty pulling the ship and the Moon landing footprint on the sand! Sucks because I’ll never buy one lol

[@SalivateMetal]

Wow! They are beautiful!

[@Goldbacker00]

SAL!

[@czechstacker]

Awesome design. Look forward to receiving mine!

[@danielbbq]

They've never been counterfeited. Something no other gold products can say.

[@kenofken9458]

Give it time.

[@TheQuickSilver101]

These are the best looking goldbacks yet. Thanks for sharing them with us!

[@danielbbq]

I keep a stealth stack in my vehicles, in my go bag, in my junk drawer, in my office, etc. which I call my preppers-mini stack.

[@AbeTaylor-bd9oe]

I Love Goldbacks

[@AdamWest-h5z]

I cant waite to get my hands on those.

[@Elliotsmom]

Holy crap! I need to order more drool😮

[@johnbeast4992]

I love the infrared security feature on the back of all the new Florida Gold Backs.

[@NorthernSilverExchange]

love the new look on the florida ones

[@SilverSteeler72]

I love the goldbacks and the Florida lineup is the most beautiful yet! I’ve got two of each, (with the exception of the 50 and 100)in alpha on pre order! Can’t wait for the 15th!

[@theHDP]

Dang that's a lot of goldbacks.

[@arte9855]

In by best Steve Martin voice... The Goldbacks are here, THE GOLDBACKS ARE HERE 😂😂 As long as you haven't shipped yet 🤔 I may need some more of the fivers for the same reason as yours...the artwork is stunning.

[@Spegtacular]

Just be aware that I am not allowed to ship until the 15th.

[@danielbbq]

I believe that with the release of south Dakota Goldbacks the cutting/sticking issue was addressed. None of my SDs stick all older aurums do stick together.

[@Spegtacular]

Have an issue with any state in smaller sizes.

[@danielbbq]

@@Spegtacular Nothing after SD release.

[@OzkAltBldgCo-bv8tt]

I vote they make the gold back wallet in genuine leather and it'd be better

[@Spegtacular]

What’s it made of?

[@OzkAltBldgCo-bv8tt]

@Spegtacular it looks to be pleather which just doesn't have the genuine feel they're going to need to make the most premium wallets that they can

[@Spegtacular]

I mean they’re $15 so I doubt they’re genuine but they do hold up pretty good. Had mine for some time now

[@danielbbq]

They are leather. I've carried my GB wallet daily for 2 years. It still looks nice.

[@OzkAltBldgCo-bv8tt]

@@Spegtacular I currently have a bill folder wallet that I like, the only thing is is that like the gold back wallet it's made of pleather and because they stack the leather instead of cutting out a single sheet to sew it to it makes it retain a thicker girth in your pocket. I'm not trying to nitpick but I need the thinnest wallet that I can possibly get so I don't look like George Costanza with a massive wallet that doesn't fit well in my pocket. The thing is is I needed it to be able to hold both gold backs, Cash, and Gold asseyed cards within the wallet.

[@GulfIslandRock]

I ordered one of each … the art work is phenomenal ❤❤❤🇨🇦

[@alanm6113]

Just ordered some, beautiful. I started buying these in 2019.

[@stevenkwarciany7776]

DANG BUDDY 😳😳😳! That is NOT A small stack of Gold Backs!

[@grantlipscomb]

You for sure have me super interested!

[@CuSTACKS]

I accept and trade Goldbacks all day

[@kaynef6637]

I like them , I think they are works of art

[@Spegtacular]

They really are.

[@kenofken9458]

That's the only reason I would ever consider buying any. They are nice art. They're absurd as a currency or stacking medium.

[@danielbbq]

My son said let's go to lunch...he said he'd pay...he knew I'd pay him half in Goldback. He's sneaky for Goldbacks.

[@Spegtacular]

Smart kid

[@DWizz3]

NIIICE! Thanks for sharing. Are you driving up here to the fun show convention in Orlando?

[@tacolover5000]

in the early 1900's, gold was bought at $25 per oz. its now worth $2717 per oz. That means the currency base got devalued by two orders of magnitude. and we are in for more devaluation since it takes a long time to catch up.

[@lemarb11]

How many do you have to order to receive the GB money band with them?

[@Spegtacular]

100 is a strap. The bands are strangely cool for some reason… and all they are is paper lol

[@corbyhoelzle1774]

Wow I’m excited to buy some!! 🎉 Soooo cool Thank you for showing us! ❤

[@grantlipscomb]

Nice man!

[@Mike-METALS]

If and when they come to ontario i will buy for sure they are so cool 😎 some hardcore stackers hate them but if you say ant -man had some thing to do with them im in 😊 thanks speg

[@Spegtacular]

Everyone hates something. I had a troll last night complain about getting free silver from me… I’m not sure what’s wrong with humans these days

[@alanm6113]

@@Spegtacular what? I want free silver

[@Spegtacular]

Right? I’d take free silver and be so thankful.

[@Mike-METALS]

@@Spegtacular wow

[@darbysdownhomedetecting]

Love the designs 🤩

[@gared287]

I have looked at these and there are many opinions out there regarding them. For me, I like facts. The undeniable fact is that if I placed a Goldback in my bureau a year ago, forgot about it and just found it today, the exchange rate of it has gone up over 20% over that time. If I had left US currency in the same spot, would it have risen in price?

[@Spegtacular]

You know the answer to that.

[@kenofken9458]

It will have to go up 100% before you even break even. There's a solid chance gold in any form will go up a year from now, but even still if I offered to sell you a 1/2 ounce gold eagle today for the full ounce spot price, you probably wouldn't think that a good deal. Yet for goldbacks doing just that is considered a brilliant move.

[@gared287]

@@kenofken9458 Most commentators readily admit Goldbacks are not useful for stacking. I believe that is what you are saying as well, and I would 100% agree with you. However, if you buy a Goldback for $5.50 and walk into a store (that takes them) and receive $5.50 in purchasing power value, the premium does not matter at all. If one pays a premium when buying junk silver and then tries to use it to purchase something, one will only get melt value. The premium is lost. Our politicians in Washington are destroying the value of our money. This in undeniable. We need to start to undo that somehow.

[@kenofken9458]

@@gared287 And why would anyone treat a $2.25 piece of gold as worth $5.50? Unless they're high or have some significant cognitive deficiency, the only reason they would do that is if they believe the next guy will also treat it as worth $5.50. So the value, half of it anyway, exists only in the minds of the holders of the currency. Pure faith. That's the very definition of a fiat currency. So you've created another fiat currency like the dollar but one that has maybe 0.1% of the recognition and acceptance worldwide. There are roughly 8 billion people in the world who will take USD, no questions asked. Goldbacks? Probably some number readily expressed in thousands. With no ready system to transfer goldbacks digitally, you're basically restricted to using them in person. In any given local economy, you'd be hard pressed to find 10 people who would take them in payment for anything. Maybe more in Utah or certain epicenters of goldback awareness. If the secondary market decides that a goldback is worth only melt, as 99%+ of people in the world would today, you've got another problem: It's one of the least economical ways of harvesting melt value. So in reality if that whole fiat belief system around goldbacks breaks down, what you'd probably get is half to maybe 70% of melt. As a cool bit of small artwork or novelty numismatic, I can see buying a few. Not as currency or bullion.

[@BlueBirds-fs1id]

@@kenofken9458 Even the GB haters won’t “like” any of your comments. Even they take a ‘pass’, on the made up facts in your statements. Both sides see your comments as low IQ but, “god loves a trier” 😂😂😂

[@michaelp772]

I just ordered 4 of the 5s. I wanted 10s, but they were already sold out! My first goldbacks!!

[@Spegtacular]

Was that through me? I just finalized another order so more should be up. Just remember, the later it gets, the further away shipping time will likely be. Hoping it’s all here by end of month

[@michaelp772]

@Spegtacular Yeah, I followed the link and everything. They were $27.50 each. My email ends in 1234.

[@michaelp772]

The youtuber Sreetips melted and refined them into a button. It weighed out accurately!

[@TheWinstonDouble]

I thought I've been subscribed to you for months. Apparently I wasn't, lol. But I am now!

[@Spegtacular]

Glad to have you!

[@armanclark2401]

shipping to canada?

[@Spegtacular]

On Whatnot I’ll be able to on the 15th

[@joejustjoe3926]

I couldn't resist so I pulled the trigger on 1/2's, 1's, and 5's. No free shipping, eh? Please advise and thank you.

[@Spegtacular]

Other companies may offer free shipping after a certain small threshold but my site doesn’t until maybe $1000 if I recall correctly? Be advised, this is NOT me trying to sell Goldbacks to you. I’m ok if you say, “hey, they’re not for me.” And move on to the next thing. I’m also plenty ok if you see a better deal elsewhere on them and do business there. Again, not trying to sell them and in fact, it’s a pain in the rear end for me to sell them. I just personally think they’re stunning AND they’re in my home state which makes me extra pumped about them. If you want to buy them, I do have some to sell and went the distance (which is something I normally don’t do) to have pre-orders of them on my website. Also sorry about the lack of low-price free shipping! I’m a small shop and shipping is something I take pride in.. and it’s awfully expensive.

[@justkickinit6878]

Fair. Thanks for the info-your prices are fine. I’ll be back, lol.

[@pamelahemann9702]

How do I buy the new florida goldbacks from you?

[@Spegtacular]

Spegtacular.com

[@summernteddy]

So a 1 100th goldback premium wise compared to a bar, which are you spending more on? If this has a collector premium compared to the fractional premium, whish is the better deal?

[@kenofken9458]

I have yet to see any fractional gold bullion product with premiums anywhere near those of goldbacks. With goldbacks, you're looking at premiums around 100% With one-gram gold bars, about as fractional as bullion gets, I'm seeing premiums of 30-40%.

[@AmericanProspector1776]

Beautiful nuismatics

[@JoshuaManuel-k8k]

I wonder if ngc or pcgs would grade the A series gold backs

[@Spegtacular]

They do. Look it up in auctions. The graded alphas go for some crazy money

[@marcthesilvershark]

Isnt Florida the first to have $2 also

[@Spegtacular]

Yes! 1/2, 2, and 100

[@McSilverWolff]

Wish they would make them all the same size and add a brail texture by the denomination

[@kevinw9073]

Too pretty to spend.

[@Spegtacular]

I’m sure people said that about our old currency too.. probably why there’s some high grade examples today.

[@jimthompson9992]

Beautiful works of art! The Florida version is, perhaps, the most beautiful! They make nice collectibles but, and this is just me, i don't think they'll be useful in my lifetime. Maybe one day but people are..... people! Strange creatures that put huge value on Beanie Babies and little value on these goldbacks. Ill probably get one or two but only as a collectible.

[@danielbbq]

Ive taken to them. I've done over 300 Goldback transactions in the past 2 years. 3 in the last 7 days. I dig them.

[@hunterjames4861]

These are out on the 15th or out already? (or just for KZbinrs and distributors etc.?)

[@Spegtacular]

I’m a distributor. They are available to be shipped starting the 15th… however, Goldbacks are having a difficult time filling the insane amount of orders these are getting so expect shipment a little later

[@hunterjames4861]

@ thank you o7

[@Danny_ll]

I guess if you spread them out theyd make your real bullion investments have a nice backdrop

[@cutlerylover]

I LOVE the goldbacks as collectibles but dont think it will take off as currency, it will be fun to use them at your LCS but most of the people buying these like them as collectibles they will stay unbent and in safes :) I keep goldbacks in my wallet as a conversation piece but have yet to find a single store that accepts them where I live in NEPA

[@Spegtacular]

This is a ground level for sure. When it’s in more states, there’s a chance for it.

[@cutlerylover]

@@Spegtacular I really feel like big brother will push a CDC once we all go digital there may even be penalties or laws against using other currency's which would dissuade stores from accepting these but who knows Id LOVE to see it work out, I just have my reservations about it thats all..It would take hundreds of thousands of stores to get on bored with it to work and every state having their own...fingers crossed :)

[@АнжеликаКискова-я9ж]

So 2650 spot today 5.26/gb that makes almost 100% markup 97.7% Why is the cost so high production? Essentially you could buy twice ass much!?

[@johnross5909]

Love the gold back's. But the premium is redonkulas.

[@Spegtacular]

Premium on what? Gold or the product? It’s not just gold and I think it’s important to see it that way. If it was just gold, I’d understand the concern over premium too.

[@danielbbq]

There is no premium on a Goldback. You spend them for what you pay for them. It is called "utility," what you can do with fungible fractional gold.

[@kenofken9458]

@@danielbbq Fungible? Goldbacks are about as fungible as cold beer in the streets of Mecca at Haj. Here's a though experiment. Go to 100 randomly chosen bullion dealers around the world. Send one person with only goldbacks and the other with traditional gold bullion. See who comes back with the most money in their pockets. Or any money.

[@summernteddy]

How do shops test for legitimacy at time of use for payment?

[@SmxreKing]

There have been no counterfits yet and the Goldbacks have a surprising amount of security features. I can guarantee you that if someone handed you a fake goldback you'd know immediately

[@kenofken9458]

@@SmxreKing Not if China's government or intelligence apparatus made it. You would need access to a very well equipped laboratory with expensive equipment to detect a fake if they or other top end actors decide to fake them.

[@Spegtacular]

Uh.. no... you'd need a $20 kit from amazon to easily identify a fake if one existed.

[@kenofken9458]

@@Spegtacular You found an XRF counterfeit scanner for $20? I'm seeing more like $20,000. $15K for the "cheap" ones. A little black light device isn't going to stop fakes if a real player decides to produce them. If they can fake the latest USD and Euro bills and passports - and they can, this is well within their scope.

[@Spegtacular]

Acid test sir.

[@laserdisque]

With the premium they are double the precious metal value at the self-declared exchange rate. Negotiable fractional gold definitely has some potential utility, but with those super high premiums I don’t see how junk silver wouldn’t work better. Two 90% silver dimes has about the same metal value as the $5.42 rate for a 1/1000 goldback. With the dimes you’re getting more metal value instead of subsidizing production costs.

[@Spegtacular]

Silver is heavy. I think that’s the biggest flaw to your argument. In the event that gold and silver can become money again (remember it’s only a short time in human history when it hasn’t been) you’ll want something you can easily carry around that will still have good buying power.

[@kenofken9458]

@@Spegtacular People managed silver just fine for thousands of years. An i-Phone weighs six ounces. That much in silver will easily get you through any normal day out and about. People regularly carry concealed carry pistols weighing 16-20 ounces and more. Long before goldback printing technology was a thing, people also figured out plenty of ways to avoid the physical and security hassles of lugging around lots of precious metals: Letters of credit, bills of exchange, checks etc. By the middle ages if not before, most commerce above street level retail was done without hauling tons of metal around every day.

[@Spegtacular]

Poor people managed silver for thousands of years. Poorer managed copper or bronze. The wealthy managed gold.

[@SmxreKing]

@laserdisque I think premiums have been far too stigmatized in the precious metals scene. Everyone talks about a gold and silver premium but never on the premiums on day to day items like coffee, flour, sugar, etc. The Goldback "premium" comes from the utility value of the hyperfractional gold aswell as the manufacturing cost. The exchange rate posted on the Goldback website is pretty sound and you rarely see a goldback used or sold for below that value. The way I see it is this: You pay $5 for a goldback that has $2.50 of gold in it and then you spend the goldback for $5 worth of value; in that way there is no premium. Considering the "premium" value stays tacked to the bill, I think it's unfair to look at it from that perspective, purely off the "premium". To summarize what I've said, everything has a premium, just stigmatized more in silver and gold. Also, materials can have value beyond their raw value, and goldbacks are one of those items. There's no comparable item on the market that brings this level of fractionality and utility with gold. The "premium" is tacked to the note and it retains said value, meaning you paid no premium at all when you go to use it. On top of all that, constiutional silver like dimes etc are being faked 24/7 by Chinese sellers, etc. No goldback has ever successfully been counterfitted. They are the safer option. Also, for those not in the precious metals loop, a worn down 1954 dime is just a dime, they won't look at it for the silver value. Atleast with a goldback it's clear in what it is.

[@kenofken9458]

@@SmxreKing Goldbacks can easily be counterfeited by nation states or high level criminal organizations. It would be trivially easy for China or Russia or North Korea to fake them. All of the exotic printing and anti-counterfeit features involved are the same technologies that are primarily sold to, developed by, and used by nations for their own currency and documents. The only reason it hasn't been done so far is because the market in goldbacks is not enough to warrant the effort. I think only a few dozen million dollars of these things exist. It would probably take that much to set up a world class counterfeit operation. If and when there is a sufficient profit margin, you will see fakes. The premium for goldbacks does not in fact stick with the product. Not inherently. If you buy $2.50 worth of gold for $5, there is no law which requires anyone after you to accept it for $5 value. That can go away in a heartbeat.

[@isoxls101]

The 5 goldback only has four fingers on the left hand, image was made by AI!

[@TheGoldenDragonfly]

How many per strap?

[@Spegtacular]

100

[@SilverSteeler72]

You know what’s sad Speg, is that to buy a weeks worth of groceries for a family of four, it’s about the value of a 1/10 oz gold coin to purchase said groceries. Frigging unbelievable!

[@Spegtacular]

Believe me… I know… I’ve gotten to the point where I just smile and swipe the credit card..

[@michaelkeith8992]

Did the other states have an alpha symbol or is this new with Florida?

[@Spegtacular]

All states do

[@Wickedstickyflowers]

I’m hooked New Hampshire Nevada Florida Minnesota I don’t care where

[@markbooth.13]

Do you buy precious metals on credit? Charging purchases? I was thinking about it; though premium + interest might not be smart for me. ? Thanks

[@Spegtacular]

Only do this if it benefits you (cash back rewards) and you can pay it off before you accrue interest. Also cards where you have to pay a fee yearly to use the cards are annoying!

[@alanm6113]

@@markbooth.13 I do it for the cash back, helps with getting metals at almost spot.

[@kenofken9458]

At 30% interest these days, buying anything on credit is a poor deal.

[@AmericanProspector1776]

Love em but i cant afford them Pokémon gold cards Will continue to watch and support. I just dont see it.

[@johnkelsey8830]

Love the look, hate the premium. Basically 5,500 dollars for an ounce of gold. This is not gonna take off till more business accept them but also they wont take off till premiums come way down from resellers such as yourself or goldback sells direct to consumer. To me its now more numismatic then it is actual currency.

[@Spegtacular]

Like I’ve commented before, if you’re looking at premium on this, you’ve missed the point and misunderstand the utility of them. Again, go to Goldback’s website and do a little research and learning about the product. I think it’ll help stop the confusion.

[@johnkelsey8830]

Oh I've looked at it plenty cause I love the bills but until they are accepted everywhere its still a gimmick and to much premium. Wonder if you took them to a Coinshop that didn't sell them and tried to sell them to them what you would get? The made up exchange rate. A little over spot? Back of spot. Right now all we have to go on is what goldback says they are worth just Like the govt says what the fiat dollar is worth. To me same thing.

[@SmxreKing]

I think premiums have been far too stigmatized in the precious metals scene. Everyone talks about a gold and silver premium but never on the premiums on day to day items like coffee, flour, sugar, etc. The Goldback "premium" comes from the utility value of the hyperfractional gold aswell as the manufacturing cost. The exchange rate posted on the Goldback website is pretty sound and you rarely see a goldback used or sold for below that value. The way I see it is this: You pay $5 for a goldback that has $2.50 of gold in it and then you spend the goldback for $5 worth of value; in that way there is no premium. Considering the "premium" value stays tacked to the bill, I think it's unfair to look at it from that perspective, purely off the "premium". To summarize what I've said, everything has a premium, just stigmatized more in silver and gold. Also, materials can have value beyond their raw value, and goldbacks are one of those items. There's no comparable item on the market that brings this level of fractionality and utility with gold. The "premium" is tacked to the note and it retains said value, meaning you paid no premium at all when you go to use it.

[@kenofken9458]

@@SmxreKing The day you buy a $50 bill from me for $100 or buy a half ounce Gold Eagle for full ounce spot, I'll believe you. Not until then.

[@davidyeager8524]

Ton of hoopla for nothing. They’re not a coin. I’m a coin collector!

[@Spegtacular]

Not everything is for everyone David. The next show will be about coins ;)

[@daviniarobbins9298]

0.01555g of gold in a half goldback. That is virtually nothing. Don't stack them. Treat them the same way you would a proof coin/bar.

[@Spegtacular]

You guys are not grasping the concept beyond the gold inside them.. check out their website for a lot of easy to see info on their utility

[@danielbbq]

They are money. You spend them instead of fiat. They are asset inclusive not debt backed notes.

[@roberthealey7238]

I saw a good example on another channel recently of how you should think about Goldbacks: Buy a unit of gold at your local shop. Return the next day and try to get what you paid the previous day… Buy a goldback, the next day you can get what you paid for it(minus shipping); or a bit more depending on how poorly the rag/zinc slugs we use as US currency did overnight…

[@kamuzu]

Amazing how a grown adult who has has a decent education can pay $5000 per ounce for a "Pokegold" playing card. Sad really.