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La France pratiquait le bimétallisme or/argent depuis l'époque de la monarchie et Napoléon a donné une définition or du franc, à partir de celle de l'argent, avec une certaine convertibilité entre l'or et l'argent. Mais la célèbre loi de Gresham pouvant être résumée par la formule suivante «la mauvaise monnaie chasse la bonne » eut pour conséquence la fin de ce bimétallisme (la devise faible est utilisée pour échanger alors que la devise forte est thésaurisée). C'est pourquoi, le 28 mars 1803, la loi du sept germinal confirme l'existence du Franc, appelé par tous « franc germinal » indexé et convertible en or.

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