Who Is Goldback Inc.? The Company Behind the Currency

Goldbacks show up in dealer listings and price comparisons, but a lot of buyers never learn who actually creates them. Understanding the company behind the currency — and how it chooses to sell — explains why you buy Goldbacks from dealers rather than from the maker, and why prices vary so much from one source to the next.

The Company Behind Goldbacks

Goldback Inc. is the inventor of the Goldback. The company describes itself as a group of precious metals enthusiasts and history buffs who pair gold with modern manufacturing technology to produce an inflation-resistant currency. It is headquartered in Lehi, Utah, with employees and outposts across the country.

The core idea is straightforward: gold has always been a good store of value but a poor everyday medium of exchange because it's too valuable to divide into small, spendable units. Goldback Inc. set out to solve that divisibility problem by embedding tiny, precise amounts of 24-karat gold into durable notes.

A Wholesaler, Not a Retailer

Here's the part that surprises many first-time buyers: Goldback Inc. operates as a wholesaler, not a storefront. Rather than selling primarily to the public directly, the company partners with reputable precious metals exchanges, Gold ATMs, and online distributors who handle retail sales.

That structure is why you don't "buy from Goldback" the way you'd buy a product from a single manufacturer's website. Instead, dozens of independent dealers stock Goldbacks and set their own prices. Each adds its own margin on top of the wholesale cost, which is exactly why the same denomination can carry meaningfully different premiums depending on where you shop. Compare current Goldback prices across dealers and the spread is usually obvious.

The Eight State Series

Goldbacks are designed to function as a legal, local currency within regions where a series exists. As of late 2025 there are eight series:

• Utah (the original, launched around 2019)
• Nevada
• New Hampshire
• Wyoming
• South Dakota
• Florida
• Oklahoma
• Arizona

Every series contains the same gold content for a given denomination — a Utah 5-Goldback holds exactly as much gold as an Arizona 5-Goldback. The differences are artwork, release history, and local merchant adoption. For a deeper look at how the series compare, see Goldback State Series Guide: Utah, Nevada, New Hampshire, and More.

How Goldbacks Reach You

The path from manufacturer to your hand looks like this: Goldback Inc. produces the notes and sells them wholesale to authorized exchanges and distributors, who then sell them to the public at retail. The premium you pay over the gold spot value covers the manufacturing process plus each link's margin. Because that final retail margin is set independently by each dealer, comparison shopping is the single most effective way to avoid overpaying.

A Note on This Site

GoldbackHunter is an independent price-comparison resource. We are not Goldback Inc., and we are not a contracted distributor, affiliate, or partner of the company — our role is simply to track and compare dealer prices so you can buy informed. Goldback® is a registered trademark of Goldback, Inc.

Bottom Line

Goldback Inc. is the Utah-based inventor and wholesaler of Goldbacks, distributing through a network of exchanges, Gold ATMs, and online dealers across eight state series. Because the company sells wholesale and leaves retail pricing to independent dealers, the price you pay depends heavily on where you buy. Know who's behind the currency, then compare current prices before every purchase.