1. First off would be this do I live in an area where there's property that was occupied in the past (old home steads,battle fields from the civil war era etc)would I have permission to hunt in those areas if these factors were present.
2. Were talking about a hobby but for the most part I think one would be considering metal detecting to find worthy treasure right?
3. With that question posed all indications tell me that the most successful hunts for coins of any real value seem to be to the west coast and east coast I live in Indiana which is one big black mark on the list of reasons why I shouldn't,and never should have even considered metal detecting so with that said if your still interested then the questions that follow come into play.
4. The capabilities of metal detectors have been said to have come a long way well I'm calling BS on that,if anything has come a long way its the capability of advertisers to sell far fetched lies to consumers on behalf of bloated heads of manufacturers
5. In the end its your money and in the end you'll make your own choices I wouldn't let fan boy's and the like sway your decision
To be honest, it sounds like you have had a negative experience with metal detecting, and your primary concern is to make money. I feel that is an attitude that is destined to fail. I've broken down a few things I'd like to respond to, as your post might discourage others looking into the hobby.
1. No matter where you live, there will always be someplace you can go to detect that has been populated in the past. Treasures do not have to be over 100 years to have a personal value. It's about the hunt and giving new life to things that were once lost.
2. Worthy treasure is in the eye of the beholder. I love history, not wealth, and I get more pleasure in seemingly "worthless" artifacts and thinking about a story that might be behind them.
3. Not sure what you consider coins of real value, but I've found some really neat coins here in southern Michigan, over 150 years old, and I wouldn't dare sell any of them. You can't get into the hobby assuming you will find a cache of 1793 half and large cents.
4. What research have you done leading you to believe there have been no advancements in the capabilities of metal detectors since their inception? That is just simply not true. Processing power has increased in all electronics over the years, leading to major advancements, including metal detectors. You might want to take off that tin foil hat and look into it.
5. I have recommended both my E-Trac and AT Pro, because that is what I own, and I love using them both with great success, not because I am a fan and think everyone should make the same choices I make. Of course someone would recommend their own detector if they had a positive experience with it.