Coin Devaluation Term

[Mark A Mandel]

On Thu, 4 Apr 2002, Grant Barrett said to himself as the rest of us
listened in:

#> 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.

AFAIR Gresham's Law is more general, at least in its simplified
phrasing, "Bad money drives out good".

-- Mark A. Mandel