Was in the area today gridding with the Spectra V3i detector through the dense understory of trailing blackberry, dogwood, himalaya blackberry, and horsetail. I find it fascinating that Caterpillar island is so close, with dense foliage and tall cottonwoods. No way was that island ever thoroughly gridded and hit with a good detector. It's a lot of ground to cover, but I am going to kayak across the river and hit the sandbar nearest Tena bar soon, and then begin gridding and hitting the main parts of the island with the machine. Since we now know the money did not hit the water until spring/summer, I think it is possible that it sat on the beach unseen on caterpillar island before eventually getting ferried the short distance across the water to Tena Bar. The river naturally flows this direction, and it would be a real short transport, couple hundred yards or perhaps a wee bit more.
If Cooper cratered into the sand there or somewhere on the island (or just landed and died), there will be things to find even 50 years on. A backpack will have metal clips, a briefcase made of plastic or even leather will still be largely intact, etcetera. Likely won't find anything, but I will test my hypothesis and report back. Cheers