Thomas Gresham Born : 1519 Died : November 21, 1579 Browse All Authors Famous Quotes by Thomas Gresham When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good money automatically disappears. Thomas Gresham currency disappear term [Gresham's Law]: Bad money drives out good money. Thomas Gresham good-money law