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  1. #1

    Aug 2004
    1,618
    84 times
    Honorable Mentions (1)

    $1 billion in U.S. coins buried?





    Figuring the U.S. is more than 9,000,000 square miles including water and accounting for wilderness and dense population, my guess is an average of face value in buried coins (not to mention other stuff) of $100 per square mile or about $1 billion in buried coins. Of course, much of it under water, cement buildings and otherwise not accessible. Any thoughts on this estimate?

  2. #2
    us
    Aug 2004
    Pickens Co. S.C.
    Minelab Excal, Sovriegn. Whites. Garret
    330
    11 times
    Metal Detecting, Prospecting

    Re: $1 billion in U.S. coins buried?

    I have a spot that I'm trying to get permission to dredge that contains , best we can figure, about three thousand dollars worth of coins. The dates range from early thirties to present. Of course it is'nt about the values IT'S ABOUT THE TREASURE> So I think you may even be a bit low on that assesment. I figure the first values I would count would be from robberies that were not recovered. Then figure from the 1800's to the late 60's people did'nt trust banks. Many who burried their loot died before recovering it. Then you have the just plain lost coinage and of course jewlery. I can't remember what show it was (on discovery channel I think) but the government made a guess at how much lost/ damaged money there is out there. I think they estimated somewhere in the 1.5 billion dollar range. Thats a lot of lost money!.
    C ya.
    "Today's the day" Mel Fisher
    " Argue for your limitations and they become yours" Abraham Lincoln
    "You just bought WHAT?!!" My wife

  3. #3

    May 2003
    Sunny Southern CA Coast
    Minelab Sovereign
    946
    116 times
    Beach and Shallow Water Hunting

    Re: $1 billion in U.S. coins buried?

    The U.S. Mint has published estimates of unaccounted silver presumed lost as coins. I think it was in the ballpark of $15 million in face value. I forget where I saw the U.S. Mint report, but I know there is one.
    "...and then I will finally be able to take over the world!"
    - Brain, in 'Pinky and the Brain'

    -- Rattus Labyrinthicus

  4. #4

    Jun 2004
    Tucson, AZ
    White's DFX (2)
    206
    21 times

    Re: $1 billion in U.S. coins buried?

    I've heard there is more coins in or under the ground than there is in circulation. Makes sense as I have been MD'ing for a little over 2 years(28 months) and have picked up 8,500 coins from the earth. Multiply that by over 200 Million people in USA and that comes up to 17 Billion in coins without designation as to value. I'm sure many of you oldtimers have quite a few more in your overall take.
    Any day detecting is a GOOD day !

  5. #5
    us
    Jul 2003
    Elgin
    Fishers 1235X-8" CZ-20/21-8" F-70-11"DD GC1023
    6,579
    37 times

    Re: $1 billion in U.S. coins buried?

    I am making every effort to be the Mickey D's of clad:

    Over 40 billion found!

    Need to borrow some knees, backs and lifetimes first...

 

 

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