Coin Devaluation Term

Grant Barrett gbarrett at WORLDNEWYORK.ORG
Thu Apr 4 18:25:34 UTC 2002

On 4/4/02 13:11, "Grant Barrett" <gbarrett at WORLDNEWYORK.ORG> wrote:

> I cannot for the life of me remember the phrase we discussed some time ago
> that is used to describe the situation in which the face value of a coin is
> worth less than the metal contained to make the coin, usually resulting in
> the coins disappearing as they are sold for scrap.

Answer to my own question: Gresham's Law.

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