If you have to sell a duplicate coin from your collection, do you usually sell your worst condition and keep the best?
"Gresham's Law" I bet you keep the better coin! See this goes back to the history of gold/silver coins and human behavior.
From history:
Nicolas Oresme, a Catholic bishop (1320-1382), studied human behavior with regard to money, which in his time consisted of gold and silver coins; he was perhaps the first to observe that humans attribute varying valuations to the money that comes into their hands. He stated that hodlers of gold and silver coins prefer to tender their most deteriorated coins in payments, and retain the brightest, shiniest and most perfect of their coins. Thus, he was the true originator of what has come to be known as "Gresham's Law", long before an English man named Thomas Gresham made a similar observation during the reign of Queen Elizabeth I (1558-1603).
Commentary:
Now its time to hodl that coin, for in order to find worth- something has to come from - without worth.
Sources:
Plata.com.mx
thedirtisgoodtome.com
Nice post, love coin history. Did you hear about there history of the phrase "Joshing" and how it's related to coin history? I'll write a post about it tomorrow (as long as I don't forget) :):):)
cool! looking forward to reading it
https://steemit.com/steemsilvergold/@goldnuntius/just-joshing-you-us-coin-history
Cheers :):):)
Though we don't use coin anymore in my part of the world but usually people tend to keep their crisp notes and spend the ones that are not that new. I still don't know the reason behind this because I feel we will still spend the money at last,so why the selection? To me, money is money lol
good comment, although fiat paper I prefer new because: less germs, newer is less likely to tear, and something about that freshly printed paper smell I like...
I'll definitely HODL on the best one until I get the best price for it LoL but if the market future is hopeless for that specific coin then I might sell and put the gains in another coin.
My HODLing game is strong af.
That's pretty cool
There is really a lot to learn here. Nice one
thanks for the comment
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"Gresham's Law"? It's not even a law, just a tendency. Of course if I have two silver coins and one looks raggedy, I'll keep the shiny one and give the other away.