Different metals react differently to the detector's electro-magnetic field. On one end of the metallic sprectrum you have magnetic ferrous (iron) items and on the other end you have conductive non-ferrous items. The general dicrimination designations are: iron, foil, nickels, pull-tabs, zinc pennies and screwcaps, pennies, dimes, quarters, half-dollars and dollars. Gold generally is found in the foil through pull-tab ranges. Silver is from pennies on up. I think most would agree that the best discrimination level is to only reject iron. If you are after coins only, however, then there is nothing wrong with rejecting everything but coins. By the same token, if you are after gold rings then you could reject everything but nickels and pull-tabs. It is said that the more you discriminate, the less depth you can achieve.
HH!
TBGO