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Project Ebenezer - Christmas For Free
Picking Up Lost Coins

Do you stop to pick up dropped coins?

Is there a lower value limit below which you won't stoop to pick it up?

If it's just a penny or two, do you drop your change on the ground to save the bother of pocketing it?

These are the things I need to know.

How And Where To Find Lost Money

I've even surprised myself at the number of dropped coins I'm finding - I do walk quite a bit though - about a mile in either direction to/from the train station each weekday and an hour long walk in Portsmouth city centre most lunchtimes.

Prime locations for found money tend to be:

-Essentially, anywhere that anyone might find themselves with small change in hand, and be preoccupied with eating something, or doing something.

New Is The New Old

post decimal copper coins

In 1971, Britain switched to decimal currency - the new coins were distinguished by the marking 'New Penny' or 'New Pence'. In 1982, the 'New' wasn't really new any more, so it was dropped.

I've got a mixture of copper coins here from the 1970s onwards. The silver (coloured) coins will all be newer, because 5, 10 and 50p coins have all been resized some time after decimalisation.

Battered

corroded and worn coins

Because I'm picking up money off the street and out of the road, I'm not being picky - some of the coins I've found are only just recognisable due to wear and tear or corrosion. I'm not sure if this is going to present a problem when I try to bank them.

Johnny Foreigners

American Dime and Netherlands 5 euro cent

I found a few foreign coins too - the latest of these an American Dime and a Netherlands 5 Euro Cent - which happen to closely resemble 5p and 1p coins respectively - I mistook them for these when I first picked them up.

Bycatch

I've been conditioning myself to spot small, round, bright objects, but this sometimes gets triggered by other things that aren't coins - most of these false positives aren't worth picking up (more on that later), but if it's a button I spot, I usually will pick it up - here's what I've found so far:

buttons

Other False Positives

Chocolate Buttons looks like tarnished pennies from a distance.

Spots of chewing gum on the flagstones are often misleadingly circular - and after rain, bright to view,

Squashed crown cap bottle tops look like £2 coins - I've lost count of the number of times I've nearly picked up one of those.

Metal pavement markers - on some city streets, the pavements have a row of little metal discs fixed down to them - I think these are to indicate the maximum extent to which shopkeepers can stack goods in front of their stores.


GoodTidings4U - Children's Christmas Store - Paying It Forward


On the previous pages, I collected lost money to fund an experiment in luck - this can't be described as a massive success - I continued until near the end of 2009 - buying a further six or seven lottery tickets, however the results of playing the lottery are approximately the same as for not playing. There's got to be a better use for all these pennies I keep finding...

project ebenezer

Project Ebenezer

Project Horseshoe is over - here comes Project Ebenezer.

Project Ebenezer

Starting on 01 December 2009, I carried on collecting every dropped coin I saw, but this time, I'm saving them up in a jar.

I'm planning to keep this up for a whole year - so at the start of December 2010 - hoping to have accumulated enough found money to be able to do something useful...

...I'm hoping to fund all of next year's Christmas dinner with money I picked up for free.

I'll post the running total here at the end of each month.


December 2009

At the end of the first month, I've managed to find £2.53 in loose change (that's it in the jar above) - a fantastic start!

Project Ebenezer

January 2010

I found £2.38 in January - bringing the total to £4.91.

The fund so far is composed of an assortment of denominations from 1p to 50p - a total of 113 coins - that's an average of about two coins found per day.


Project Ebenezer

February 2010

A phenomenal month's find!

£5.06 in February - more than December and January combined - the total is now £9.97.

In the three months so far, there has not been a single working day where I have returned home without having found at least a penny.


Project Ebenezer

March 2010

I thought that February was exceptional, but March was better still - the fund now totals £16.73 - having increased by £6.76 this month, still finding some money on every single working day (and a couple of occasions on the weekend too)

The denominations of the coins I find seems measurably affected by location, time of day and even the weather - I'll say more on this later, maybe.


Project Ebenezer

April 2010

Wheeeee! look at this! I found a ten pound note this month - just lying there on the flagstones, with everyone walking past it, oblivious.

So along with the usual assortment of coins that makes a total of £15.78 this month, bringing the total to a whopping £32.51.


12 May 2010

I suspected this day would come - after five and a half months during which I found money every working day (and quite a few weekends), I returned home empty-handed for the first time.

I think pickings are thinning out a bit in general - maybe the lighter mornings and evenings are making dropped coins easier for other people to spot, or maybe people aren't having to fumble under heavy coats to put money in their pockets.

Project Ebenezer

May 2010

Another smashing month - I found a five pound note screwed up in a ball with some litter.

And as ever, I found a good assorment of loose change - except on only one day (12 May - see aboe). This month's finds totalled £12.03, so the fund now stands at £44.54.


Projection At Project Midpoint

Finds of paper money are pretty exceptional, so I think the average is probably running a bit high at the moment - it seems most likely that the end total will be a figure that falls somewhere between minimum and average - so between £60 and about £85. Would be nice if it went as high as £100.

project ebenezer
Project Ebenezer

June 2010

I continued to find money every working day and most weekends this month - including a wet, but perfectly good five pound note in a roadside gutter after rain..

I picked up a total of £13.72 found this month, boosting the fund up to £58.26.


More Stats

Now, this gets quite interesting - plotting the number of coins/notes (y axis) found against their denomination (x axis), we get a graph that looks like this:

project ebenezer

Almost a classic exponential curve - or at least, it would be, but for that rather patterned zig-zaggy look. Let's take a closer look at that...

I think what's happening here is that the curve is interrupted by dips at 50p, 10p and 2p (it also dips to zero at £2). Why?

Well, these four denominations are larger diameter coins than their neighbours in the graph. Bigger coins are easier to spot on the ground, don't pass so easily through holes in pockets, and make more noise when they hit the ground - all of this (I hypothesise) contributes to a generally lower find rate for these denominations.

Plotting total yield (y axis) per denomination (x axis) was also interesting:

project ebenezer

Obviously this is just the same data, but a different way to look at it - and again, taking into consideration the dips in the graph - caused (I believe) by factors described above - we get a more or less steadily descending line - that is: although pennies are much more common than pound coins, they're not so common as to be collectively more valuable.

One more anomaly in this graph is the spike for 20p coins. I believe that is also explainable - in my experience, they're the least conspicuous coin - they have an intricate design, combined with a brushed matt finish that renders them less shiny or contrasty when they're lying on the ground - to the untrained eye (not mine), they're not very visible - so they tend to stay lost until I find them.

Project Ebenezer

The Raw Numbers

In case you're interested, here is the breakdown of finds.

A total of 838 items - not including the buttons (see side column)


Project Ebenezer

July 2010

Again, I found money every working day and some weekends - another tenner this month - making it the most productive month yet.

£17.67 found this month. The total fund now stands at £75.93.

To save the bother of recounting the whole jar each month, I added a plastic bag to cache the monthly find.


Project Ebenezer

August 2010

Oh dear. Not a very productive month. I only found £1.91 this month, raising the fund to £77.84.

This is due in significant part to my being away on holiday for two weeks - I only found 12 pence in the whole fortnight.


Updated Projection

project ebenezer
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£11.43 including my first 50p and my first paper money - a very crumpled tenner lying on the pavement looking like a crumpled bus ticket. So that brings the total up to £16.34

Posted by Fennel Crumblecheese on Aug 2 2010 at 11:13
Halfway through the year, my jar is full. Total now £4.91 made up of
9 * 20p
4 * 10p
28 * 5p
20 * 2p
91 * 1p
1 * 20 euro cents
So working out % on coins only, quite a similar distribution to yours. Will update next month

Posted by fennel crumblecheese on Jul 2 2010 at 11:50
Total now at £3.97 which means 85p. Is this because I didn't vote for change?

Posted by FC on Jun 4 2010 at 22:23
hmm, must try harder, or the good folk of dundee will just have to be more careless. £3.12 in total which means april i found a measly 51p including a barely recognisable 20p. So projecting to £9.36.

Posted by fennel crumblecheese on May 3 2010 at 23:36
£1.34 bringing my total to £2.61 and projecting to £10.44. OK so I probs would have picked up the 5*20p (my highest value coin) but probs not the mucky 10p and def. not the 5p in a loo (yes it was flushed and yes I did thoroughly wash my hands after - home made biscuit anyone?) Wondered what I should do if I picked up any euros in Athens but not a cent, just 2p at Edinburgh airport

Posted by Fennel Crumblecheese on Mar 31 2010 at 23:18
A better month for me too - £1.02 which brings me to £1.27 (projects to £7.62). New theory: it's not so much how much I walk but how much others walk or take their hands out of their pockets, dropping the odd coin that counts. Once the snow had gone the pickings went up, then nothing as the frost descended...

Posted by Fennel Crumblecheese on Feb 28 2010 at 18:27
25p which projects to a whopping £3 lol. 3 bottles of sh you know who or a cheap bottle of plonk. Feb started better with a 20p coin, but am wondering... are Dundee folk cannier with their money? Or do I walk less than you? (Don't drive) Or do I walk in less money-dropping areas? (Maybe - very rarely brave town). Will update in March but thinking Talisker unlikely

Posted by Fennel Crumblecheese on Feb 3 2010 at 09:06
Since I only stumbled on your site New Years my jar will be for Hogmanay so naturally shall be called the HogMoney jar. Still under snow so still no coins found. At this rate I won't even be able to buy a can of Irn Bru :-(

Posted by Fennel Crumblecheese on Jan 4 2010 at 11:47
I have my 2010 jar at the ready. I'll let you know how I get on.

Posted by Dundee Doll on Jan 2 2010 at 11:10