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
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This page presents the quote "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.". Author of this quote is Thomas Gresham. This quote is about metals, money, circulation, good money, disappear, currency, term,.