When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good money automatically disappears. — Thomas Gresham Copy Share Image
When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good… — Thomas Gresham Copy Share Image
![“[Gresham's Law]: Bad money drives out good money.” quote by Thomas Gresham](https://sms4smile.com/quotes/img-quotes/bd3/thomas-gresham-105117_good-money_gresham-s-law-bad-money-drives-out-good_1380878.jpg)