Currency of Colombia Notes of a new design appeared in 1888 for 10 centavos and 1, 5, 10, 50, and 100 pesos, with 25 and 1000 added in 1895. During the civil war the government issued 28 new Banco Nacional note types and overprinted about 48 different private banknotes for circulation. Copper-nickel coin dated 1886–1902 Silver .666 fine dated 1897 or 1902 Silver .500 fine dated 1887–1888 Silver .835 fine dated 1889–1908 Peso oro = 100 Centavos Conversion: 1 peso oro = 100 paper pesos The conversion of paper into gold began 18 May 1905, at 100 paper pesos for one gold peso,
Cross of Gold speech caused by the Napoleonic Wars caused United States gold coins to be worth more as bullion than as money, and they vanished from circulation. Governmental response to this shortage was hampered by the fact that officials did not clearly understand what had happened. In 1830, Treasury Secretary Samuel D. Ingham proposed adjusting the ratio between gold and silver in US currency to 15.8:1, which had for some time been the ratio in Europe. It was not until 1834 that Congress acted, changing the gold/silver ratio to 16.002:1. This was close enough to the market value to make it uneconomic to