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<p>[QUOTE=&quot;scyther, post: 1708990, member: 42170&quot;]I see now.&nbsp; I assumed I was still talking to the same person as before.&nbsp; You jumped into the argument I was having with North Korea, so I thought I was still talking to the same person, but in fact it was someone else.&nbsp; My mistake.</p><p><br /></p><p>Nonetheless...</p><p><br /></p><p><br /></p><p>Doesn&#039;t matter still success.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>What truth have you uncovered which would have been better left hidden?</p><p><br /></p><p>DURAIYWPTUY.</p><p><br /></p><p><br /></p><p><br /></p><p>What argument?&nbsp; That it was only worth hoarding in large quantities?&nbsp; Obviously that wasn&#039;t true, since all kinds of people <i>did</i> hoard silver coins.&nbsp; And obviously it is true for copper, since very few people hoard copper pennies now.&nbsp; Copper pennies have been worth well over face value for many years now, and yet they&#039;re still very plentiful in circulation.&nbsp; Silver disappeared quickly after the composition changed, even though it was illegal to melt.&nbsp; Therefore, silver and copper are obviously different.&nbsp; I don&#039;t know what&#039;s so hard to understand about that.&nbsp; Do you have any argument against this point, or can you just say &quot;I bet they said that about silver too&quot;?</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Great, we agree on that!&nbsp; Gresham&#039;s Law is a natural event and should not be interfered with.&nbsp; North Korea was in favor of the ban on melting coins, which interferes with Gresham&#039;s Law.&nbsp; Since you jumped into the argument in his place, I assumed you agreed with him (or rather, I thought you <i>were</i> him).</p><p><br /></p><p><br /></p><p>:desk::desk:</p><p>That doesn&#039;t mean a composition change wouldn&#039;t be useful.&nbsp; If Gresham&#039;s Law isn&#039;t interfered with, people will simply melt coins that have a higher melt value than face value.&nbsp; If you change it to worthless steel, that won&#039;t happen.&nbsp; The government would lose less money on steel coins than zinc if zinc coins were being melted for scrap, because the steel coins wouldn&#039;t be.&nbsp; So while they would still lose money making an unnecessary coin, steel is better than zinc.&nbsp; Get it?</p><p><br /></p><p><br /></p><p><br /></p><p>Sounds great!&nbsp; We should do the same thing here (both getting rid of pennies and switching to $1 coins).&nbsp; That&#039;s not exactly Gresham&#039;s Law though, since it was the government that melted the zinc and steel pennies (as well as the coppers).&nbsp; If the government hadn&#039;t acted at all, only the coppers would have been melted, since the others were still worth more as money than as metal.[/QUOTE]</p><p><br /></p>

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