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bad money

悪貨 ／ bad-money　—　Phenomena

Money with less inside it, and so of poorer worth.

Sixpence of Elizabeth I Sixpence of Elizabeth I1560s– Leeuwendaalder (lion daalder) Leeuwendaalder (lion daalder)1575– Monneron of 2 sols Monneron of 2 sols1791
A photograph of what this word names.

When circulating at the same face value as good money, people will spend the bad money first. This is a matter of course, but when this behavior accumulates, good money disappears from the market.