2020 Nevada 1 Goldback 24k Gold infused note

The Goldback® may be the world's only circulating interchangeable physical gold money. Goldbacks are created in various series to circulate under the applicable laws, and in the jurisdictions of Utah, Nevada, Wyoming, New Hampshire and South Dakota.Unlike most gold products, the Goldback is designed to be used as a currency with interchangeable denominations rather than varying premiums based on gold content. This means that the fifty denomination (1/20th of an oz) can be traded in for fifty of the one denomination (1/1,000th of an oz).
A Goldback is a unit of measurement. One Goldback is equal to 1/1000th of a troy ounce of 24 Karat gold. One thousand Goldbacks of any combination equal an ounce of gold. They may be bartered with like other forms of non-current money gold anywhere in the world, due to the fact that they carry intrinsic value. They are easier to spend than other forms of gold because they can be used in small transactions and they don't carry varying premiums.