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<p>[QUOTE="medoraman, post: 1339609, member: 26302"]Well, its my understanding Gresham's Law only works if one coin is seen by the general public as being more valuable than another. Most people I know did not believe the state quarters were going to make older quarters more valuable, nor are they even aware that cents have changed composition. Something like this, being different weight, look, and feel, coupled with news stories about the costs of the previous versions being much higher, (hence more valuable), is more akin to 1965 than to what you are describing. </p><p><br /></p><p>There is a reason they continued to copper plate cents in 1983, they did not wish to make it obvious to the public the change, and thereby create a cent shortage in this country, in my view.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1339609, member: 26302"]Well, its my understanding Gresham's Law only works if one coin is seen by the general public as being more valuable than another. Most people I know did not believe the state quarters were going to make older quarters more valuable, nor are they even aware that cents have changed composition. Something like this, being different weight, look, and feel, coupled with news stories about the costs of the previous versions being much higher, (hence more valuable), is more akin to 1965 than to what you are describing. There is a reason they continued to copper plate cents in 1983, they did not wish to make it obvious to the public the change, and thereby create a cent shortage in this country, in my view. Chris[/QUOTE]
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New cent and nickel composition?
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