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<p>[QUOTE=&quot;Treashunt, post: 8541460, member: 6763&quot;]There were many reasons to hole coins.</p><p><br /></p><p>It was a theory many years ago that folks holed the coins to put them on a piece of thread or cloth in order to keep them safe and not lose them.</p><p><br /></p><p>This was just a theory for decades until a collector walked into an antique shop back about 30 or 40 years ago and saw a Civil War uniform.</p><p>He really liked it and was talking to the shop owner who agreed that it was neat, and then asked: &#039;Wanna see something even neater?&quot; and pulled a piece of cloth out of a pocket with a group of holed coins threaded thru with a knot in between each coin. </p><p>That pretty much proved the theory.[/QUOTE]</p><p><br /></p>

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