Gresham's law

Also known as bad money drives out good, bad money

monetary principle on circulating currency; "bad money drives out good"

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Sir Thomas Gresham

In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two coins in circulation containing metal of different value, which are accepted by law as having similar face value, the more valuable coin based on the inherent value of its component metals will gradually disappear from circulation.