In the atomic Bose-Einstein condensate, the interactions that bring a binar
y atom system to an intermediate state molecule in the Feshbach resonance c
reate a second condensate component of molecules. The atomic and molecular
condensates coherently exchange pairs of atoms. We discuss a signature of t
he coherent intercondensate exchange: Josephson-like oscillations of the at
omic and molecular populations in response to a sudden change of the energy
detuning. The dependence of the many-body ground state energy on volume su
ggests that the on-resonant ground state is a dilute condensate with the li
quidlike property of a self-determined density.