Currency of Colombia exchange. The notes were never issued (proofs are known). Copper coin dated 1847–1848 The copper coins were rejected by the public, who immediately exchanged them for silver, so they were recalled and melted down. Silver coin dated 1847–1853 .666 fine .900 fine Gold coin .900 fine dated 1848–1853 New machinery for the mints of Bogotá and Popoyán arrived in 1848 and the first gold coins conforming to the 1846 law were put into circulation on 14 February 1849. Peso (Granadino) = 10 Décimos = 100 Centavos (silver) Cóndor = 10 Pesos (gold) The monetary law of 30 May 1853 abolished
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