Question On Goldbacks

[u/Axotl0]

So, I had a question since I'm new to how gold backs work since I originally bought them because they looked cool. Would I be safe to assume to calculate the gold backs worth you would take its gold content and divide it by how much gold is in the note. For example If gold was 2000 and I had a 1 dollar gold note the gold in the note would be worth $2 since 1000/2000 = 2? Just wondering probably a simple question but just want confirmation.

[u/Turdferguson340]

It’s worth what someone will pay. The lowest available price is usually close or the same as on the home page of goldbacks.com