In reality, eddy currents in a solid coin don't quite behave even like the multiple small circles, they just flow around as Mike drew. So why does a solid coin have a weaker overall eddy response? Imagine the solid coin made up of concentric conductive rings of wire, each ring insulated from its neighbor (as with magnet wire, ferinstance). The incident magnetic field induces a current in each ring of wire, but each ring of wire also creates a counter-magnetic field. The counter-magnetic field of each wire ring then interacts with neighboring wire rings to reduce their eddy currents. In essence, neighboring wire rings create an eddy "drag" on each other, from the outer ring all the way to the center.
If all you have is the outer ring, then there is no induced eddy drag because the counter-magnetic field sees only air. But does one ring of wire give the strongest eddy response? Or two rings? Probably there is an optimal ring thickness; any thinner and the reduction in primary eddy response dominates; any thicker and additional primary eddy response is overwhelmed by the eddy "drag".
If you follow any of what I am saying...




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