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<p>[QUOTE="medoraman, post: 986806, member: 26302"]Gresham's law didn't apply? I thought Gresham's law was bad money drove out good. This would explain removal of any good coins when bad coins are issued, for "plate", for burying in the river, whatever.</p><p><br /></p><p>Interesting you brought up Chinese cash. I know that because of uniformity, Chinese would dig up coins in 1850 that are dated from 100 BC and go out and spend them. However, I think the OP question was about how long would coins last in circulation, meaning being handled day to day. A 100 bc coin cannot be "in circulation" for 1900 years. It would simply wear away.</p><p><br /></p><p>Before the boom in coin collecting, it was common in England and Europe for 100 year old coins to be found in change at times. Gresham's law is the big changer, for as soon as silver leaves coins the older coins get hoarded. Short of Gresham's law actions, I would say ancient and modern coins would stay in circulation for 60-100 years, until they either wear out of get lost. Everyone thinks of hoards as how ancient coins are found, but a majority of them were simply lost and found individually by metal detectorists today.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 986806, member: 26302"]Gresham's law didn't apply? I thought Gresham's law was bad money drove out good. This would explain removal of any good coins when bad coins are issued, for "plate", for burying in the river, whatever. Interesting you brought up Chinese cash. I know that because of uniformity, Chinese would dig up coins in 1850 that are dated from 100 BC and go out and spend them. However, I think the OP question was about how long would coins last in circulation, meaning being handled day to day. A 100 bc coin cannot be "in circulation" for 1900 years. It would simply wear away. Before the boom in coin collecting, it was common in England and Europe for 100 year old coins to be found in change at times. Gresham's law is the big changer, for as soon as silver leaves coins the older coins get hoarded. Short of Gresham's law actions, I would say ancient and modern coins would stay in circulation for 60-100 years, until they either wear out of get lost. Everyone thinks of hoards as how ancient coins are found, but a majority of them were simply lost and found individually by metal detectorists today.[/QUOTE]
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