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Bills With Intrinsic Value? - Republic of Ghana One Cedi

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@joshman
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In my previous post, I shared some Nevada Goldbacks I had purchased from APMEX. From that I decided it was a nifty way to accumulate some gold, and that I had to seek out some more. My latest find did not disappoint.

I saw this bill on APMEX, and I knew I had to have it. I love Africa, having lived there for a few years, though I've never been to Ghana. Even so, the design still gives me some nostalgia. Ghana is absolutely on my bucket list of places to visit, even more so now.

Made of 1/1000 of an ounce of gold, this bill was declared legal tender in the Republic of Ghana. The exchange rate for one Cedi is about 17 cents. This leads me to question how much purchasing power this gold bill would legally have. One Cedi, or its gold value. Ghana is a poor country, but I can't imagine 17 cents going very far there.

Unlike the previous Goldbacks I had purchased, this bill has beautiful designs on both the front and back. The bill had a little curve to it, which allowed me to take much better photos. It's definitely a welcome new addition to my stack, and fairly unique as well.

This is also the first bill that came with its own Certificate Of Authenticity. I didn't realize when I bought it that production was limited to 10,000 units.

Thanks for reading. What do you think of this note?

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