There was an interesting puzzle by Presh Talwalker in 'MindYourDecisions' about finding the radius of a circle that was cotangent to two larger circles.
I extended the problem by considering adding a second small circle adjacent to the circle of radius 2, (now 16 in my diagram) and wondered what the radius of the two large circles would have to be to make the two small circles have equal radii. The attached diagram will make this more clear.
I was surprised to find that the ratio of the two circles must be equal to 2.61803398875 which is, of course, the Golden Ratio + 1 The straight lines tangent to the larger circles subtend an angle of 53.130102 degrees. The series of circles can be extended to the right indefinitely and will give pairs of circles of equal radii. See second image.
Has this been found before? I have looked on the Internet without finding anything.