Although the places, times and reasons may differ, coins have been widely used as part of funeral traditions. In some cases, the coins may be intended to serve to pay the deceased person's way once they reach the afterlife. Sometimes people leave coins at graves hoping to earn a bit of good luck. A more recent purpose for the headstone coins is to enable military veterans to let family members know that the deceased is not forgotten.

1 Fare for the Afterlife According to Ágnes Alföldy-Găzdac and Cristian Găzdac, one of the oldest traditions regarding the use of coins at funerals stems from the Greek myth of Charon, the boatman said to ferry souls across the River Styx and into the afterlife. Charon will only provide passage to those with coins to pay the fare. Many ancient coins have been found buried with the deceased. Iconographic examples of an obol, a type of coin, being handed to Charon for passage can be seen as early as 420 B.C.

2 Business with the Deceased One curious tale regarding the practice of visitors leaving coins on graves comes from the folklore surrounding the mysterious and embattled Irish-Canadian Donnelly family of Ontario, Canada. According to the official Donnelly family website, if a visitor leaves a coin on the Donnelly family headstone, he will be granted a wish. It has also been suggested that leaving coins on a headstone could satisfy a debt one had with the deceased if done by midnight, or could pay a ghost to stop haunting someone.

3 Military Remembrance It has become increasingly popular for visitors to leave coins on the headstones of deceased soldiers. On the Blue Star Mothers of America website, mothers of soldiers explain that this tradition had its start during the Vietnam War, as a way for visitors to let the deceased soldier's family know who had visited the grave. Pennies represented people who knew him, nickels those who were in basic training with him, dimes those who were in the same platoon and quarters those who were close friends or who were with him when he died.