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.

[Gresham's Law]: Bad money drives out good money.

[Gresham's Law]: Bad money drives out good money.

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.

Bad money drives out good money.