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<p>[QUOTE="satootoko, post: 51725, member: 669"]The validity of Gresham's Law (Bad money drives out good) was demonstrated again in 1964 when US coinage abandoned silver for base metals, and an old "good" quarter became intrinsically more valuable than a new "bad" one. If the US, or anyone else, were to revert to coining silver circulation coins again, as long as any of the clad/base metal coins were still around, the silver would go into cupboards and smelters.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 51725, member: 669"]The validity of Gresham's Law (Bad money drives out good) was demonstrated again in 1964 when US coinage abandoned silver for base metals, and an old "good" quarter became intrinsically more valuable than a new "bad" one. If the US, or anyone else, were to revert to coining silver circulation coins again, as long as any of the clad/base metal coins were still around, the silver would go into cupboards and smelters.[/QUOTE]
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