Currency of Colombia accepted by all tax offices. Notes were to be issued for 5, 10, 20, 25, 50, 75, 80, and 100 pesos, but this decree was revoked on 4 November 1846 by President Mosquera, and no notes were issued. Silver .666 fine, dated 1839–1846 The 1840s found the currency still in a chaotic state. Monetary legislation perpetuated the problem by equating nominal value with intrinsic value and treating a peso .666 fine the same as a peso .903 fine. This guaranteed that Gresham's law would come into play, despite a law (1844) prohibiting the export of gold and silver coin. Customs
Plan for Establishing Uniformity in the Coinage, Weights, and Measures of the United States power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures". In his first annual message to Congress (what later came to be called "State of the Union Addresses") on January 8, 1790 (a few months before Jefferson's report to the House of Representatives), George Washington stated, "Uniformity in the currency, weights, and measures of the United States is an object of great importance, and will, I am persuaded, be duly attended to." Washington repeated similar calls for action in his second and third annual messages (after Jefferson's report). Jefferson's decimal