Greasy’s Garage is proud to announce that we are now the only Worcester-based business welcoming Goldback 24-K gold currency as payment for services.
What Are Goldbacks?
Goldbacks are beautifully designed, spendable notes made with real 24-karat gold. Unlike paper dollars, each Goldback contains a thin layer of actual gold, making it a tangible and intrinsically valuable form of money. They come in denominations from 1 to 50 Goldbacks, each containing a specific fraction of a troy ounce of gold.
Not Cryptocurrency, Not Federal Money
It’s important to know what Goldbacks are not:
They are not cryptocurrency—no digital wallets or blockchain are required.
They are not issued by the federal government, and they have no tie to the U.S. Treasury.
Instead, Goldbacks are privately issued, voluntary local currency that derives value directly from the market price of gold.
Why Goldbacks Are Growing Nationwide
Across the country, more businesses are accepting Goldbacks as consumers look for alternatives to the dollar that hold their value. Because each Goldback’s worth adjusts with the market price of gold, both customers and businesses benefit from a medium of exchange that resists inflation and keeps purchasing power stable.
How to Use Goldbacks
Using Goldbacks is simple:
Bring them to Greasy’s Garage when paying for your service.
The Goldbacks are exchanged at their current gold value (which fluctuates daily).
Any balance due above or below the Goldbacks you present can be settled with traditional payment methods.
There’s an App for That
To make it even easier, download the Goldback Exchange Rate app (available for iPhone and Android). The app updates daily to show the current value of each Goldback denomination, so you’ll always know exactly what your Goldbacks are worth before you spend them.
Are There Fees or Charges?
There are no extra fees for paying with Goldbacks at Greasy’s Garage. The only adjustment is the current exchange rate, which determines how much each Goldback is worth at the time of payment.
At Greasy’s Garage, we’re excited to give our customers another innovative way to pay—one that honors the timeless value of gold while supporting a growing movement across the country.
For more information about Goldbacks, visit www.goldback.com