Ok I googled it......
In 1881, Alexander Graham Bell invented the first metal detector. As President James Garfield lay dying of an assassin's bullet, Alexander Graham Bell hurriedly invented a crude metal detector in an unsuccessful attempt to locate the fatal slug. Bell's metal detector was an electromagnetic device he called the induction balance!
In 1925, Gerhard Fischar invented a portable metal detector. Fischar's model was first sold commercially in 1931 and Gerhard Fischar was behind the first large-scale production of metal detectors!
During the '60s and '70s, interest in the use of these devices grew, causing the detector "analyzer" to be developed. By the early '80s, accuracy was improved considerably, along with the ability to identify the types of metals located by the transmitting field. The reduction in their size made them even more "user friendly."