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To: djsherin

Gresham’s Law is alive and well. I saw it work with amazing rapidity when the clad coins came out in the ‘60s.


3 posted on 08/21/2008 10:39:34 AM PDT by Oatka (A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: Oatka

Everytime I go to the bank, I ask for 2 rolls of nickels. It’s like getting $8 back in trade for $4, at the current melt value. In a year or two, count on the mint making new nickels out of painted zinc or steel.


6 posted on 08/21/2008 10:48:13 AM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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