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<p>[QUOTE=&quot;mumu, post: 924935, member: 24620&quot;]I understand what P-fan is saying. The lag where silver halves were still circulating in 40% silver while everything else was clad gave that window of opportunity for hoarding JUST the halves. And I accept this as a possibly valid reason or answer to the original question. But this is like G&#039;s law in reverse, where commerce accepted the &quot;bad money&quot; while the &quot;good&quot; money vanished via hoarding. So I dont think calling it Gresham&#039;s law is accurate. Halves were hoarded for their bullion content, not its monetary acceptance as G&#039;s law intends to speak of. I could see this as an extension or variation of the law, but I think the effect is lost in that the main idea of G&#039;s law in my opinion is intended to be defined within the context of commerce.[/QUOTE]</p><p><br /></p>

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