I would have to say yes and more....
The first ring I found (if I had sold it...wife took it) would have paid for my Excal, the hotel, gas (believe it or not), and the rest of the vacation.
The second season that I finally got out to the beach to hunt with it, I found at least $1000 in jewelry, coins, and other junk. All were found in a in around 12 trips to the beach, not spending more than two hours per beach. I found all of this on beaches that were heavily hunted. I wish I lived near the beach to be there daily, but that is another story.
HH