Currency of Colombia In 1881 it released notes for 1, 5, 10, 20, 50, and 100 pesos payable in current coin (moneda corriente). Notes for 20 and 50 centavos appeared in 1882, and new designs for 10 and 20 centavos and 1, 50, and 100 pesos in 1885. Silver .500 fine, 1885–1886 Gold .666 fine, 1885–1886 Decree 104 of 19 January 1886 adopted as the monetary unit the one peso note of Banco Nacional, effective 1 May. Decree 448 of 2 August 1886 equated the peso note ("billete de a peso") of Banco Nacional to silver coin .835 fine. The United States of
Free silver standard which had been the hallmark of the Cleveland administration to the free-silver position epitomized by 1896 presidential nominee William Jennings Bryan in his Cross of Gold speech. Bryan's 1896 candidacy was supported by Populists and "silver Republicans" as well as by most Democrats. The issue was over what would back the US currency. The two options were: "gold" (wanted by the Goldbugs and William McKinley) and "silver" (wanted by the Silverites and Bryan). Unbacked "paper" (wanted by the Greenbacks) represented a third option. A fourth option, currency backed by "land value", was advocated by Senator Leland Stanford through several