There are more coins in the earth than in circulation?

[Jesse James]

I had once read that there are more coins under the dirt than there are in actual circulation. Does anyone belive this? It's very hard for me to grasp this concept, but I guess it could very well be true. What do you think? Possible?

 

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[jeff of pa]

absolutely. just Think how many years coins have been in Circulation in the U.s. alone.
500 + years worth.

these days Each year, the United States Mint makes between 14 billion and 20 billion circulating coins.

If we just count the clad years using the smaller amount
that's 686 Billion coins.


If the Majority aren't in the ground ?

where are they ?

 

[BigWaveDave]

I have read that 1/3 of the worlds' coins and jewelry are either under ground or under water... that I believe more than the "more than half" theory.

 

[jeff of pa]

See below:

View attachment 1067631

:P

That's just the Gold Scrooge McDuck Liked the Gold

 

[jeff of pa]

a large % are in couches also

How much money is currently "lost" in couches across America? - Quora

 

[Diggin-N-Dumps]

"Excuse me sir? I metal detect as a hobby and was wondering if I could metal detect your couch ... No you wont have to get up and I leave all the cushions the way I found them"

lol!

 

[Higgy]

"Excuse me sir? I metal detect as a hobby and was wondering if I could metal detect your couch ... No you wont have to get up and I leave all the cushions the way I found them"

It would be gross if they'd been eating baked beans for supper. Should a clothespin be standard metal-detecting gear?

 

[SeabeeRon]

Think about all the coins you see laying around paved areas. Then think of those hitting dirt, turf or sand. People are just so careless with "change"!!

btw, I love Scrooge McDuck!!

 

[jeff of pa]

Think about all the coins you see laying around paved areas. Then think of those hitting dirt, turf or sand. People are just so careless with "change"!!

btw, I love Scrooge McDuck!!

I read recently allot of kids, (teens) think counting out coin Change makes them look poor.
so they throw it away, and prefer to break Bills.

now if only the ones who rob Car consoles for change thought that

 

[jeff of pa]

Anyone else throw away small change? - Straight Dope Message Board

 

[Higgy]

Anyone else throw away small change? - Straight Dope Message Board

That's hilarious. Did you read their site motto? "Fighting ignorance since 1973"

That guy needs a...

 

[SeabeeRon]

I know of allot of people who think on coins as "Money"?!?

 

[K1DDO1979]

I imagine ever since credit card and debit cards took over there will be less and less change lost every year. Someday in the future the days of loose change will be gone. No more lost couch change to find! Haha

 

[eyemustdigtreasure]

Jesse! oh yes, much more underground AND under water!
but, us treasure hunters are trying to change that...!!

 

[SeabeeRon]

Jesse! oh yes, much more underground AND under water!
but, us treasure hunters are trying to change that...!!

One coin at a time, one coin at a time!!

 

[luvsdux]

I've often wondered about claims of this sort - how does anyone actually know? How do you prove it wrong or right?
luvsdux

 

[SeabeeRon]

I've often wondered about claims of this sort - how does anyone actually know? How do you prove it wrong or right?
luvsdux

They know how many coins of each denomination are minted and they have an idea how many are still in circulation. X - Y = Z

 

[Roger Mn.]

The front seats and under the back seats of older cars are full of silver coins.

 

[Bejamble]

If it wasnt for lost coins, we would not have this hobby...thank you to all those that have donated generously to our hobby!

 

[luvsdux]

They know how many coins of each denomination are minted and they have an idea how many are still in circulation. X - Y = Z

How would you factor in collections, piggy banks, etc.
luvsdux