$1 billion in U.S. coins buried?

[bergie]

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 in face value alone. Of course, much of it under water, cement, buildings and otherwise not accessible. Any thoughts on this estimate?

 

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[rupsul]

Are you going on face alone? by that do you mean only clad? because let us say you are including spanish coins what is the going exchange?

 

[Siegfried Schlagrule]

Your figure is low. The treasury can tell you how many coins were made and how many were redeemed. They also estimate how many are in circulation. what's left over is all hoarded or lost. exanimo, ss

 

[jeff of pa]

so if everyone on this forum cleaned up all the coins in the us, We'd all have over $2,000,000.00? ? ? LET's get started?

 

[bergie]

Seems like I've found a few million memorial pennies already. What we need to do is have the gov't turn pull tabs into currency and we'd all be rich.

 

[Detecting Fool]

I recently read something where someone with knowledge of metal detecting, but I can not remember who it was, estimate that there are more coins currently buried in the ground then there are currently in circulation. Considering that the US mint coins hundreds of billions of coins for circulation each year, I can just imagine what is waiting to be found.

Anthony

 

[stoney56]

Saw a use for the old pulltabs. Guy put a nickle in the middle and folded the tail over it. Called it the "Poor Man's Moneyclip." believe it or not he actually sold a few-apparently to people that had never seen an old pulltab.

 

[cedarratt]

Hey I found 66 cents worth of that today. Three Dimes and thirty three pennys. None of them were old tho.