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Hedge Against Inflation? Alternative Currency “Goldbacks” Catching On In Wyoming

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Hedge Against Inflation? Alternative Currency “Goldbacks” Catching On In Wyoming


T-Joe’s Steakhouse and Saloon owner Sherry Lyle collects about $1,000 a month in a type of currency that at first looks like it must come from a foreign country or a board game.

The flashy golden bills capture attention around the dining room whenever they come out, but were actually designed and developed specifically around Wyoming.

They’re called Wyoming goldbacks, and they are offered in denominations of 1, 5, 10, 25 and 50 online at wyominggoldbacks.com. Each denomination is decorated with art that showcases the Cowboy State while also highlighting a different virtue — liberty, loyalty, respect, and so on.

But what’s really unique about these bills is that they’re made of pure gold that has been laid down inside a protective polymer using the latest, cutting-edge technology.

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The smallest denomination — a 1 — is 1/1000th of a troy ounce of gold. That bill has Devils Tower as a backdrop, with a buffalo, an eagle and sunflowers framing a Shoshone woman named Reverentia (Latin for “respect”).

The caption below her translates that idea to “revere what is sacred.”

The Art Of Business

It’s a work of art, and the beauty is part of the reason Lyle started accepting goldbacks at her restaurant. She likes collecting different kinds of currency.

She also likes that these bills were designed specifically for Wyoming.

“They’re unique to Wyoming and a couple of other states,” she said. “And it kind of shows our independent spirit.”

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Lyle estimates that she has a party wanting to pay a check or tip a server in goldbacks about every other week.

Sometimes, the transaction confuses those who are watching.

“One of our servers was like, ‘Oh, we can tip our bussers in pesos?” Lyle recalled, laughing. “That was kind of funny, but like, ‘No, you can’t.’”

Because the currency contains real gold, the bills can gain or lose value over time with the value of gold. And like the commodity, gold mostly goes up in value.

Over time, Lyle has watched the value of her goldbacks rise, and now she actually has some from every state with a series — Nevada, New Hampshire, South Dakota, Wyoming and Utah, the latter being where the series first began.

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“It doesn’t go up a ton,” she said. “But it’s just been a neat thing, and it’s nice to support the businesses that sell these. We will use them eventually, but we’ll always keep a couple just for, you know, the collector value.”

A waitress counts goldbacks at T-Joe’s Steakhouse and Saloon while Dan Walter checks an app that relays that day’s exchange rates. (Renée Jean, Cowboy State Daily)

Apocalypse Not

T-Joes isn’t the only Wyoming business accepting goldbacks.

Adam Mathes, owner of A-1 Tire in Casper, started taking them about a month ago after one of his customers showed him a few of the bills.

He wasn’t looking at it from any sort of apocalyptic perspective. He just sees goldbacks as another option to differentiate his store from corporate chains.

“It looks like we’re the only tire store that will accept something like that around here,” Mathes told Cowboy State Daily. “Being a locally owned small business, I don’t know if some of the corporations would even consider that. So, it’s another way for people to see our business and to be able to have a different form of payment.”

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Tyler McCann, owner of Cowboy Cuts in Pavillion, thinks goldbacks might serve as a great hedge against inflation, in case there are any more price surges.

“I think gold is more stable,” he said. “Even though it’s going up and down, I just see so much inflation that I would like to have that available for our customers.”

So far, neither of them have had any takers, but McCann was particularly keen.

“I think they are fascinating,” he said. “You can feel the difference in the weight between different denominations. You can almost immediately tell the difference when you hold them in your hand.”

In all, about 160 Wyoming businesses now accept goldbacks in an incredible range — pet stores, restaurants, barber shops, carpenters, auto parts and more.

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It Came From A dream

Goldbacks arose from a dream that the company’s founder, Jeremy Cordon, had about some sort of an apocalypse or emergency.

“There was some sort of national emergency,” Goldback Chief Operating Officer Kevan Mills told Cowboy State Daily. “He didn’t know what it was, whether it was a war, or an earthquake, or what. But he was at a grocery store trying to buy groceries and everyone in the store was trying to pay with credit cards and dollars.”

The store owner wasn’t having it.

“We don’t take that here, it’s no good anymore,” the dream grocery store owner said.

Someone else came up to the owner with an impossibly thin, rectangular piece of gold, and offered that to the owner instead.

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“Would you take this?” the customer asked.

“Gold?” the owner replied. “Absolutely I’ll take gold.”

It was then Cordon woke up and immediately called his business partner to tell him about the dream.

“We have to do this,” Cordon told him. “It’s incredibly important.”

  • Jaquie Georgio, a waitress at T-Joe's Steakhouse and Saloon, looks at a collection of goldbacks from various states. She has yet to receive a tip in them, but said they are cool looking and she would love to get one.
    Jaquie Georgio, a waitress at T-Joe’s Steakhouse and Saloon, looks at a collection of goldbacks from various states. She has yet to receive a tip in them, but said they are cool looking and she would love to get one. (Renée Jean, Cowboy State Daily)
  • Laura Hoch, from left, watches as her husband Chris sorts through their goldbacks while across the table, Caroline Walter watches and her husband, Dan Walter, checks exchange rates using the Goldback Company's app.
    Laura Hoch, from left, watches as her husband Chris sorts through their goldbacks while across the table, Caroline Walter watches and her husband, Dan Walter, checks exchange rates using the Goldback Company’s app. (Renée Jean, Cowboy State Daily)
  • Jason
    Jason “Junior” Lyle holds up a collection of goldbacks traded at T-Joe’s Steakhouse and Saloon for meals. The restaurant is one of 160 stores in Wyoming that are willing to accept goldbacks in exchange for services. (Renée Jean, Cowboy State Daily)

Making Gold More Practical

While the idea for goldbacks may have come from a dream, the bills do solve a practical, real-world problem for those who’d like to use gold for transactions.

A single gold coin weighing an ounce is worth just over $2,000 — a bit hard for most grocery stores, restaurants, beauty shops and the like to break down.

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But a single goldback with a thousandth of an ounce of gold — worth about $4.66, according to Tuesday’s exchange rate — is a much easier denomination to work with.

“For perspective, a thousandth of an ounce, if you took a BB from a BB gun and cut it into 12 pieces, one of the pieces of that BB would be 1,000th of an ounce,” Mills told cowboy State Daily. “So how do you carry that around? If you’re going to carry that little teeny — I mean it’s not much bigger than few grains of sand.”

But gold is highly malleable, so a small amount of it can be spread very thinly.

“A 50-cent piece of gold, hammered to as thin as you can possibly make it would cover an entire football field,” Mills said. “That’s how thin you can make gold.”

Then, it’s just a matter of something to protect the integrity of such a thin sheet of gold, keeping it all intact so that every bill has exactly what it says it has regardless of trades.

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That’s where the polymer comes into play. It both protects the thin layer of gold and makes it easy to carry around.

“Now you can put it in your wallet and carry it safely,” Mills said.

Goldbacks are also what’s called “fungible,” which means they are available in readily interchangeable denominations. Five 1s, for example, can be traded for a 5 goldback, which is 1/200th of a troy ounce, or 10 ones could be traded for a 10 goldback, which is 1/100th of a troy ounce. Denominations of 25 and 50 are also available, which are 1/40th and 1/20th of a troy ounce respectively.

At First Utah Was It

Although goldbacks can be used anywhere that a business is willing to trade in gold, the bills started out initially as strictly a Utah series. There was never any intention of doing goldbacks that highlighted other states, Mills told Cowboy State Daily.

But once the Utah goldback series started circulating, they almost instantly attracted interest from investors who wanted to see their states highlighted with a goldback series.

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Soon, there were even sponsors willing to help front the cost of that.

Wyoming was actually the fourth state to get its own series, and the sponsor was Natrona County state Sen. Bob Ide, R-Casper.

Ide was not a state senator at the time he sponsored the development of the Wyoming goldback, just someone who Mills said was interested in seeing it happen.

Wyoming may have been the fourth state to get its own series, but it’s been tops when it comes to embracing goldbacks, according to investor Abram Taylor.

“Whenever I check Google trend reports, Wyoming is usually the top one or two every day of people looking them up,” he told Cowboy State Daily. “And whenever we have gone up to Jackson Hole to, you know, have lunch and get out of town, I always tip with goldbacks and they’re always very well received. The waitresses are always like, ‘Oh my, what is this? This is cool.’”

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Taylor even recalls buying his wife an expensive fur coat in Wyoming, and was pleasantly surprised when the shop’s owner was willing to take goldbacks for the purchase.

Not only that, the shop owner seemed really eager to get them.

  • A range of goldbacks from different states in the collection of bills T-Joe's Steakhouse and Saloon in Cheyenne has collected so far.
    A range of goldbacks from different states in the collection of bills T-Joe’s Steakhouse and Saloon in Cheyenne has collected so far. (Renée Jean, Cowboy State Daily)
  • Wyoming goldbacks fan 9 26 22
  • A 1 Wyoming goldback contains 1/1000th of a troy ounce of gold laid down in a polymer that protects the gold and the artistic design.
    A 1 Wyoming goldback contains 1/1000th of a troy ounce of gold laid down in a polymer that protects the gold and the artistic design. (Renée Jean, Cowboy State Daily)

The Midas touch

Goldbacks have had something of a Midas touch so far, trading in all 50 states and on every continent in the world except Antarctica.

Everyone who touches them seems to fall in love with them.

“So, our first year in business we did $250,000 in goldbacks,” Mills told Cowboy State Daily. “Our second year, we did $1 million dollars in goldbacks. Our third year, we did $6 million and our fourth year, we did $12 million. Last year, we did $34 million.”

Mills credits the exponential growth in part to the way gold can work as a hedge against inflation.

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“In the two years since we released the Wyoming goldback in September 2022, the value of goldbacks has gone up by 28%,” Mills said. “So, if someone bought gold two years ago and then sold them to Alpine Gold for 5% under the daily rate today, they would have made 23%.”

Inflation rates from October 2021 to October 2022, by comparison, were 7.7%, according to the Consumer Price Index, making Goldbacks a clear winner for that particular time frame.

Mills said one important distinction to make with goldback bills is that they’re not meant to replace the U.S. dollar. They are what is called a local currency, of which there are about 3,000 in the United States.

“The federal government issues all the currency and there’s actually in the Constitution it’s written that states cannot produce their own currency and that nothing shall be used as money unless it be gold or silver,” he said. “So that’s what we do. We’re just giving people an alternative currency.”

Renée Jean can be reached at Renee@CowboyStateDaily.com.

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2 dead, 1 injured after vehicle goes airborne, strikes pole in Fremont County

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2 dead, 1 injured after vehicle goes airborne, strikes pole in Fremont County


CASPER, Wyo. — Two Wyoming residents died and a third was injured in Arapahoe, Wyoming, on Friday after their vehicle went airborne and struck a pole, according to the Wyoming Highway Patrol.

The crash was reported around 10:39 p.m. May 8 near Goes In Lodge and Mission roads south of Riverton. According to the WHP’s investigation, the Dodge passenger vehicle was driving at a high speed north on Mission Road and failed to make a left-hand curve, driving off the road. 

“The Dodge drove up the roadway embankment toward Goes In Lodge Rd and vaulted approximately 154 feet,” the WHP said. The Dodge rolled end-over-end about three times, struck a utility pole while airborne and came to rest on its wheels, where it caught fire.

23-year-old Wyoming residents Kalvin Yellowbear and Rosario Lopez were killed in the crash. Another passenger was injured. No seat belt use was indicated for the deceased.

Speed and other factors are under consideration by investigators, the report said. 

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There have been 40 highway fatalities so far in 2026, the WHP said, compared to previous years to-date:

  • 34 in 2025
  • 27 in 2024
  • 46 in 2023

This story contains preliminary information as provided by the Wyoming Highway Patrol via the Wyoming Department of Transportation Fatal Crash Summary map. The information may be subject to change.





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(LETTER) ‘Wyoming Advantage’ is disappearing for Gillette residents

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(LETTER) ‘Wyoming Advantage’ is disappearing for Gillette residents


County 17 publishes letters, cartoons and opinions as a public service. The content does not necessarily reflect the opinions of County 17 or its employees. Letters to the editor can be submitted by emailing editor@oilcity.news.


Dear Gillette,

I am writing this letter because I am fed up with being forced to make impossible decisions just to live and work in Gillette.

We are constantly told that Campbell County is a great place to build a life, but the reality on the ground is exhausting. We are facing a double penalty here: a dwindling, high-cost economy and an almost non-existent dating scene. I am tired of having to choose between paying outrageous rent for a basic apartment or moving away from friends and community because I cannot find a genuine, long-term partner.

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The dating pool in Gillette feels more like a shallow puddle. Many of us are doing everything right — working hard, staying stable — yet we are coming up empty-handed due to limited public social spaces and transient culture that isn’t conducive to long-term relationships.

It is disheartening to see the “Wyoming Advantage” disappear while we are stuck in a dating desert. Rising costs and limited supply make housing a heavy burden, with residents struggling to find affordable options. Skyrocketing fuel, utility and grocery prices have put families under extreme financial pressure.

I am tired of sacrificing my personal happiness and financial stability to live here.

We need more than just industrial growth; we need quality of life that allows us to find love and build a future here, not just by a paycheck.

Kevin McNutt
Gillette

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Serving Gillette, Wright, Rozet, Recluse, Little Powder, Savageton, and all of Campbell County with unbiased news – never behind a paywall.
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Newlyweds On A Hike Find California Rescue Dog Lost In A Wyoming Whiteout

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Newlyweds On A Hike Find California Rescue Dog Lost In A Wyoming Whiteout


Rich Renner always knew he had pretty good neighbors, but he found out just how good when his new rescue dog from California got himself lost in a Wyoming whiteout.

Renner had taken the goldendoodle named Charlie out ahead of this past week’s storm to relieve himself. There was some snow on the ground at the time, but Charlie wasn’t having a thing to do with that strange, cold, white stuff on the ground.

At least not at first.

“I had taken him out to the barn, but he was staying under the overhang,” Renner said. “He wouldn’t go out to the snow.”

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Given the dog’s reluctance, Renner decided to shovel a path from the barn to the house to make it a little easier for the pooch to get around.

While Renner was doing that, the dog finally decided maybe the snow wasn’t so bad after all. 

“He kind of got the zoomies,” Renner said. “So, he was running around and went around the corner, out of sight. I had boots on, so I followed after him.”

By the time Renner turned the corner, there was no sign of Charlie. 

A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him.  (Courtesy Rich and Barb Renner)

A California Dog Meets His First Wyoming Whiteout

At first, Renner wasn’t too concerned. It wasn’t the first time the dog had done a little bit of exploring around the house. 

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Normally, he came back on his own.

But this time was different. There was a huge snowstorm expected later in the day, and the forecast was for temperatures in the range of 25 degrees. 

Charlie is a rescue dog fresh from California, which means the goldendoodle didn’t have much in the way of fat stored in his body. Nor was he yet acclimated to the cold. 

Renner followed his dog’s tracks down to a forested edge, and there saw what had captured Charlie’s attention.

“There were deer tracks all over,” Renner said. “Boom, he was gone.”

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Renner was at first more worried about the deer than the dog. 

He’d just put an AirTag on the dog’s newly arrived collar right before they went outside that morning. The collar also had the couple’s names and phone numbers. 

“An hour later, that AirTag pinged at a neighbor’s house about a half mile away,” Renner said. “So I zoomed down there on a four-wheeler and I saw tracks, but no Charlie.”

Renner roamed around on his four-wheeler for about an hour, looking for and calling for Charlie. Then he had to go to work. 

“My wife, Barb, stayed home all day and worked off and on and looked for him some, too,” he said. 

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A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him. 
A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him.  (Courtesy Rich and Barb Renner)

A Long, Cold Night

Once Renner returned home, he and his wife did more searching until about 10:15 p.m. that night using a headlamp to see.

“I thought I’d see his eyes somewhere with that headlamp,” Renner said. “But to no avail.”

By this time, a sick feeling was growing in the pit of his stomach. 

He was thinking about how the dog had chased after an animal three times his own size and how sometimes deer had charged, unafraid, at the couple’s older husky.

Maybe Charlie had been hurt. And Wyoming’s famous winter winds were picking up.

Was his California pooch stuck somewhere outside in this Wyoming whiteout, where the temperature was just getting colder and colder?

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“It had snowed all day,” Renner said. “It was just a lot of snow.”

That snow covered the dog’s tracks, making him impossible to track. 

The AirTag was proving next to useless as well, suggesting the dog had gone somewhere very rugged, some place with little to no data to transmit a signal. 

Tuesday night, Renner could barely sleep thinking about Charlie, lost in this heavy snowstorm, with temperatures forecast to get into the lower 20s that night. 

“Since we didn’t find him, I’m thinking, ‘Oh my God, he’s not going to survive the night,’” Renner said. “I kept waking up a lot and thinking about him. Like, ‘Oh my gosh, what’s he experiencing right now? Where’s he at? Did a mountain lion get him?’”

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The next day, Renner and his wife were both exhausted but had not lost hope they would yet find Charlie. 

They were looking, their neighbors were all looking. They even hired a drone company to come look for Charlie using an infrared camera.

A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him. 
A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him.  (Courtesy Rich and Barb Renner)

Neighbors Rally As Storm Deepens

The Renners had been putting messages out on Facebook and social media about Charlie, asking for the community’s help to find him.

Renner was amazed at how his neighborhood sprang into action. 

It seemed that everyone he knew — and even some people he didn’t know yet — were looking for his pet, who he feared was too skinny to survive another night out in the cold, much less the cold, wet snowstorm that continued into Wednesday.

“Before, I lived in Cheyenne for a lot of years, and you didn’t even hardly know your neighbors,” he said. “You maybe said ‘hi,’ to them when there’s a snowstorm and you’re shoveling your snow at the same time. 

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“But other than that, we didn’t even know our neighbors.”

Mountain Meadows, though, proved to be a different kind of friendly — the kind that doesn’t smile and wave in passing; the kind that shows up on the doorstep and asks, “How can I help?”

“There were probably six different vehicles or side by sides at different times looking for him Tuesday night,” Renner said. “And then people were passing the word on through Facebook and emails and everything. 

“And just everyone was praying for him. I mean the number of prayers that went up for Charlie is just amazing.”

A Blind Date, A Snowy Hike, And A Lost Dog

While a small army of neighbors continued to search for Charlie with drones and side-by-sides, a newlywed couple the Renners had never met were on a surprise date. 

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Jada, a Laramie native, and Collin Szymanski, from Utah, are newlyweds. 

Since Collin is new to Wyoming, Jada has been making a point of showing him some of her favorite places. 

That day, she’d decided on a literal blind date, complete with blindfold, to one of her favorite places in Curt Gowdy State Park — Hidden Falls.

The falls are a couple miles from where the Renners live as the crow flies, and maybe 10 miles or more away in twisting, winding, dog-chasing-a-deer miles.

By the time Jada and her husband arrived at the Hidden Falls Trail, snow was picking up speed and Jada was starting to question the idea of hiking that afternoon.

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“There was, like, snow everywhere,” Jada said. “I was like, ‘Oh man, I thought it was going to be a little less snow than this.’ 

“So I unblindfolded him and I was like, ‘Should we still go?’”

The couple are young and in love, so of course the answer to that question was, “Yes!”

As they hiked into the thick carpet of new snow, they soon found themselves with a new-but-stand-offish friend. 

“All of a sudden we see this little dog running around,” Jada said. “We’re thinking, ‘Oh well, his owners must have decided to go on a hike in the snow, too.’”

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A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him. 
A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him.  (Courtesy Rich and Barb Renner)

The Sound Of Loneliness

When they got to the end of the trail, though, there were no owners around. 

That was when Charlie began to howl, a haunting, lost sound.

“You could tell he was so sad,” Jada said. “So we were trying to get to him, but he was a little scared of us.”

Once Jada managed to get close enough to see Charlie’s collar, things changed. The second she said his name, the dog immediately calmed down and came over to them. 

It was remarkable, given that Charlie had only had that name for about four weeks. But it clearly meant everything to the dog to hear that one word. 

These were friends, Charlie decided, because somehow they knew his name. 

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An Answer To A Prayer

By noon, with no further sight or sign of Charlie, the Renners’ hopes were dwindling. 

Their property backs up to some very rugged country with deep draws and thick timber. It’s a maze of places to get lost. 

It’s also a maze full of obstacles and dangers much larger than Charlie — mountain lions, deer, moose. Then there are box canyons easier to get into than out. 

Their skinny California dog, chasing a deer in a full Wyoming whiteout, could easily become lost, trapped, or hurt. More and more, it seemed like that’s what had happened. 

Just as they were about to give up and call it a day, Renner got a phone call from a man he didn’t know.

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“Hey, are you guys missing a dog?” the man asked.

Relief flooded through Renner at those words as the man told him he’d just found a golden-colored dog at Hidden Falls in the box canyon.

Thanks to the collar, which had the Renners’ number on it, he’d been able to immediately call from the canyon. 

“I couldn’t believe it,” Renner said, noting that calls from the canyon are usually impossible to make. 

It felt like a minor miracle. 

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Charlie had spent all day and night Tuesday in a snowstorm that got down to about 25 degrees, and had somehow managed to bump into what were the only other hikers on the Hidden Falls Trail, somehow none the worse for his adventures.

Soon, Renner and his wife were headed in their cars to go pick up Charlie from the Szymanskis, meeting halfway between their home and Hidden Falls.

For Rich, who describes himself as a person of faith, all these details add up to something bigger than coincidence. 

“I know that God makes things happen,” he said. 

Jada felt that as well, considering how things happened. 

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“Their whole neighborhood had been looking for him,” she said. “He told us he had just been praying so hard. We felt like we got to be the answers to those prayers.”

A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him. 
A dog named Charlie a Wyoming couple rescued from a California shelter running off with a whiteout blizzard on the way triggered a 24-hour search. It was a miracle, Charlie’s owners believe, that a newlywed couple in the middle of nowhere found him.  (Courtesy Rich and Barb Renner)

Celebrity Life On A Leash

Back home, Charlie acts as if nothing miraculous has happened at all.

“He’s happy to be home for sure,” Renner said. “He spent yesterday in the barn, and he’s in the barn today.”

But he’s not going outside any more for a while without a leash, Renner said, as he remains just a little too fascinated with Wyoming wildlife, particularly moose, which are 100 times heavier than he is. 

Renner is looking into electric fences to keep Charlie and his moxie corralled so that the pooch’s future adventures won’t be quite so harrowing. 

“We’re chuckling now, because he’s like a celebrity,” Renner said.

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For all the worry and all the searching, what’s really sticking with the Renners is how his Wyoming neighbors were there when needed, crawling the snowy hills in their trucks and side-by-sides, looking for a California pooch with no idea what a Wyoming whiteout really means.

“That’s the real story,” Renner said. “It’s the community, the neighborhood, how everyone just rallied behind this to help.”

Renée Jean can be reached at renee@cowboystatedaily.com.



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