5 South Dakota Goldbacks Gold Note, 1/200 oz

The banknote was made from 1/200 ounce of pure 24K gold.

The goldback was introduced in the United States in 2019 by a private company known as the Utah Precious Metals Association. It is issued in the form of small bills that contain a certain amount of gold. In practice, this means that a Goldback holder can exchange it for actual gold or use it as a means of payment at places that accept the currency. It is a type of alternative currency that is popular in some local communities as a way to preserve value and avoid inflation of traditional currencies.

The featured Goldback belongs to the first edition issued by the state of South Dakota. This time the banknote depicts the virtue responsible for industrial development, Industria. This emphasizes the importance of economic development for the region. In the lower part we see a section of a farm field with crops, behind the figure of a young girl emerge grain silos, below them we have stacked bales of cut straw. At the very bottom, the denomination and weight of the gold from which the bill was made is given.