The Florida Goldback: Humanity’s Most Advanced Gold Currency
Written by Jeremy Cordon, Founder & CEO of Goldback Inc.
The world around us is changing at an incredible pace. In just one lifetime, we’ve gone from the Wright Brothers’ first flight to SpaceX’s Starships—from landlines to smartphones that dominate our lives. Technology is advancing so rapidly that it’s solving problems once thought impossible: global education through online school, birth control, and countless other innovations that define our new world.
Yet, some challenges remain daunting. Inefficient governments and runaway inflation are among the biggest hurdles today. Like many problems before, these will likely be solved by entrepreneurs, not institutions. Cryptocurrency is already making waves with its multi-trillion-dollar impact—but this isn’t about crypto. Before crypto, gold was the solution.
Under the gold standard, governments couldn’t print or borrow unlimited amounts of money, keeping inflation in check for centuries. Since abandoning the gold standard in the early 1970s, the dollar has lost 99% of its value, lowering the standard of living for billions. While a return to the gold standard may seem appealing, it’s not a practical solution today.
Why Can’t We Go Back to the Gold Standard?
The gold standard relied on three key elements:
Trust in institutions to vault and back gold reserves.
An abundant supply of silver and copper to make small denominations for everyday transactions.
Government-enforced fixed ratios between gold, silver, and copper currencies.
Unfortunately, these conditions are no longer realistic. Trust in central banks has eroded, industrial demand has reduced the availability of silver and copper for currency, and the idea of governments enforcing fixed ratios between metals is far-fetched. Even advocates for the gold standard lack practical solutions for these barriers.
A Technological Solution
As with many modern challenges, the answer lies in technology. Until recently, the technology to make gold practical for small transactions didn’t exist. That’s why the launch of the Florida Goldback series on January 15, 2025, is such a significant milestone.
Goldbacks solve the age-old “small coin problem,” which has plagued gold currencies for centuries. Historically, gold coins have been too valuable for small transactions, requiring the use of silver or copper for change. Even the smallest gold coins from the Vijayanagara Empire of India—tiny enough to fit under a fingernail—still relied on other metals to make their system work.
The Florida Goldback changes this paradigm, featuring the smallest mass-produced unit of gold ever created. The new 1/2 Goldback contains 1/2000th of an ounce of gold, valued today at just $2.61. This revolutionary unit eliminates the need for silver and copper entirely. Combined with a full series of denominations (1/2, 1, 2, 5, 10, 25, 50, and 100 Goldbacks), the Goldback is fully fungible, requiring no third parties or pegged ratios.
A Modern Alternative to Cash
Goldbacks are gaining traction as a practical, inflation-proof alternative to cash. With nearly $200 million worth in circulation, demand is growing rapidly. Unlike cryptocurrencies, Goldbacks don’t require an internet connection, passwords, or wallets—just the Goldback itself.
Beyond their practical uses, Goldbacks also address a major issue with precious metals: counterfeiting. While counterfeit coins are becoming increasingly convincing, Goldbacks incorporate advanced anti-counterfeiting technology. They have never been successfully counterfeited.
The Florida Series: Innovation Meets Heritage
This commitment to innovation extends to the Florida Goldback series. The series highlights Florida's rich history, culture, and spirit, from early French and Spanish explorers to its role as a leader in the space age. Beyond its visual appeal, the Florida series strengthens local economies by supporting businesses and keeping wealth within the community.
We believe the Florida Goldback series represents a revolutionary advancement in precious metals-based money. Just as the Model T transformed transportation, the Goldback could reshape the way we think about physical currency. Time will tell, but the future of gold as money has never looked brighter.
