Sir Thomas Gresham lived from 1519 to 1579 and wrote about the value and minting of coins while working as a financier and later founded the Royal Exchange … See more

Historically, mints manufactured coins from gold, silver, and other precious metals, which … See more

Gresham's law is evident in a modern economy with legal tender laws. When all currency units are legally mandated to be recognized at the same face value, the traditional v… See more

In 1982, the U.S. government changed the composition of the pennyto contain 97.5% zinc. This change made pre-1982 pennies worth more than their post-1982 counterpart… See more

Gresham's law states that "bad money drives out good" and is a monetary principle that can be applied to the currency markets. During the historical use of precious m… See more