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<p>[QUOTE="medoraman, post: 4599070, member: 26302"]That is the key. Gresham's Law is a powerful force. I would think US or someplace like Switzerland would be the obvious candidates today.</p><p><br /></p><p>In the past, I would hazard it was China. They made cash coins almost the same size for about 2000 years. It is well documented in the late 19th century villagers would dig up cash coins and go spend them, regardless of what it said on them. A few famous collections were assembled in China at "face value" by simply having shopkeepers look for "weird" coins and keep them for the collector.</p><p><br /></p><p>In 1968 it was documented you could still find Peroz I drachms from the Sassanid empire, (about 470 AD) in circulation. They spent the same as any other silver coin, since everyone knows the ancient Persians struck good silver coins.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4599070, member: 26302"]That is the key. Gresham's Law is a powerful force. I would think US or someplace like Switzerland would be the obvious candidates today. In the past, I would hazard it was China. They made cash coins almost the same size for about 2000 years. It is well documented in the late 19th century villagers would dig up cash coins and go spend them, regardless of what it said on them. A few famous collections were assembled in China at "face value" by simply having shopkeepers look for "weird" coins and keep them for the collector. In 1968 it was documented you could still find Peroz I drachms from the Sassanid empire, (about 470 AD) in circulation. They spent the same as any other silver coin, since everyone knows the ancient Persians struck good silver coins.[/QUOTE]
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