Since the American Eagle Gold and Silver Act was signed by President Ronald Reagan in 1 9
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Question:
Since the American Eagle Gold and Silver Act was signed by President Ronald Reagan in the U S Mint has produced millions of American eagle gold and silver coins. These are legal tender coins with a face value of $ for the American eagle gold coins and $ for the American eagle silver dollars. Thus, the US government issues two legal tender currencies: paper dollars with a face value of $ and silver eagles with a face value of $ Last year over million eagle silver dollars were minted, but none of them circulate and few Americans, including top government officials, have even seen these coins or held them in their hands; rather, all are stored away in safes around the world. Demonstrate why this is an example of Greshams law: Bad money drives out good. Which is the bad money and which is the good money?
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