What they are
A Goldback is a polymer note with a 24 karat gold foil inside. Its value rests on the gold it contains, and it is issued in small denominations.
Why they appeal
They let you hold gold in very small, very light pieces. For someone starting out or who wants to spread across several pieces, it is a different format from the bar and the coin.
What to keep in mind
They are not legal tender everywhere, and their premium is usually high because the piece is small. Their tax treatment may differ from that of investment gold. Talk to a tax professional in your country.
How they are bought
Like any piece in the marketplace, with protected payment and shipping insurance until delivery.
Before buying
Look at the condition of the note, whether it keeps its sleeve and what the exact denomination is. There are editions from different states, and the listing says which one it is.
This information is not an investment recommendation.