In general it was always pretty true that the lower frequency machines hit the higher conductors better (copper, silver) and the higher frequency machines hit the lower conductors better. Likewise, the lower frequencies seemed to go deeper than the higher frequencies.
Well, over the last few years machines are coming out that show this not to be as true, and for a variety of reasons. Machines like the T2 and F75 seem to load up on the power and somehow penetrate ground deeply, even with higher frequencies. (That said, I find deeper coins with my Omega than I ever did with my T2 and I had that machine for 3 years.) I am pretty sure that designers like Dave Johnson of the before mentioned machines are pulling out all the tricks in the book, such as playing with the timing in iron (recovery), up averaging around certain targets, etc.
Basically what is happening, from the engineers mouths, is that todays machines rely less on frequency and more on circuitry and processing. (I think as another poster said). Look at the AT Pro, 14kHz but hits deep and on all conductors. I am shocked at how deep my Omega gets copper and silver coins, easily within an inch of what an E-Trac normally gets, seen a few videos as well as read two many posts from people who compared or had both detectors.