I own a gpx4000 and a x-terra705 and I have used my 4000 for coin hunting as well as for gold. Anyone wanting to do this would be wise to use a DD coil as to be able to use the iron mask. The iron mask only work for a depth of 6 inches but if you scrape away a few inches then check target again you can deal with the issue easy enough. it worked fine. You don't have the ability to id the target other than ferrus or non-ferrus but hey, how many of you have fancy do all-be all detectors and end up detecting in all metal or a set mode and tids opened up to everything except iron. No difference. The advantage is the pulse detectors can find gold and silver coins way deeper. It does not have to be a 5000. The mode the 5000 has for coin hunting is just a gimmic to lure some into buying it. The 4800, 4500, 4000, 3500, extreme, and 3000 will do the same thing as long as the detector has iron mask. If not you will have to dig every target. Besides most people who find the really good stuff dig every signal. am I right? I use my 4000 for coin hunting in the mountains here in Montana at old miners' cabins and old miners' camps. They often buried there gold nuggets and gold coins. Also miners lost gold and silver coins too while putting their hands in their pockets too. One friend was out detecting for nuggets at an old miner's camp and found a $1 dollar gold coin instead of a nugget. The first time I used my 4000 I got a signal at easily a foot and a half deep in the stream and thought it was a nugget, only to dig up a clad quarter. Food for thought. Yes, my 4000 is a dual machine, and it does it well.