50 South Dakota Goldbacks Gold Note, 1/20 oz

The banknote was made from 1/20 ounce of pure 24K gold.

Goldbacks are a local currency that is used in some communities as an alternative form to traditional money such as dollars, euros or other national currencies. Goldbacks are issued by Goldback, Inc. made from thin layers of foil that is coated with real gold. This material is durable and resistant to damage.

The idea behind goldbacks is that they are based on a certain amount of gold or other precious metal, which gives them real value.

On the gold banknote we are presented with the personification of the virtue of freedom - Libertas. Liberty is one of the main values defined by the United States Constitution as supreme. The woman is depicted as a warrior with a sword and shield with the maxim Under God the people rule. In the background behind her can be seen a section of Mount Rushmore, on which is carved a bust of four presidents who have served history the most.