I first thought about this when I learned about detecting as a young coin collector -
Take any obsolete coin series, such as Indian cents, and you can say there are X number in the ground waiting to be found. Well, everytime one is dug up, there's one less. That sounds simplistic, but think about it - every time an obsolete coin is found there are fewer left and no one loses Indian cents anymore. You'd think the supply of older, lost coins would be exhausted but more and more are always dug up. And it's been this way for decades with no sign of abating! Can you imagine the billions of coins that must be underground worldwide??
As a 30+ year collector I often wonder where the millions upon millions of unaccounted-for older coins are. Judging by the finds on these boards the answer is probably "in the ground."
This might sound like novice thinking but I'd really like some thoughts on this.
Take any obsolete coin series, such as Indian cents, and you can say there are X number in the ground waiting to be found. Well, everytime one is dug up, there's one less. That sounds simplistic, but think about it - every time an obsolete coin is found there are fewer left and no one loses Indian cents anymore. You'd think the supply of older, lost coins would be exhausted but more and more are always dug up. And it's been this way for decades with no sign of abating! Can you imagine the billions of coins that must be underground worldwide??
As a 30+ year collector I often wonder where the millions upon millions of unaccounted-for older coins are. Judging by the finds on these boards the answer is probably "in the ground."
This might sound like novice thinking but I'd really like some thoughts on this.
Upvote
0