Originally posted by mikebg
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Your sketch is only simplified illustration and, I think, wrong pointed. At his periphery two eddy currents try each other steal electrons and there is virtually no opposing currents due the absence of available electrons at this point. So sketch have to be like this:

What determines the initiation of a particular eddy current? These are the highest points of instability (e.g. due to impurities) of electrons in the material. Similar to avalanches, which may have triggered even by people voices.
Avalanche of electrons will then choose the shortest path to release their energy. Electrons necessary for the long journey are collected by adjacent eddy currents.
Explanation many eddy current in coin and only one in ring is also simplified. Example what about half broken coin like this: (?)

I do not think that one eddy current is impossible on coin in some circumstances (maybe if we put coin inside inductor as seen on Aziz videos) but not as rule.
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