I'm looking at buying it from a guy and this is how he described it.
This is an old "red headphone" Minelab Excalibur. In PINPOINT mode it works and since I use this in the surf, it's always in PINPOINT (all-metal) mode. I've tried it in the DISCRIMINATE mode at the beach and it seems to work but the THRESHOLD tone is constantly wavering and "growling". It was this way when I bought it used and I've used it for several years this way but it's not really working properly. The previous owner sold it to me as broken and so I'm selling it as BROKEN, FOR PARTS, NOT WORKING - AS-IS, NO-RETURN! I don't know if Minelab will even work on an Excal this old.
It has a 10in Tornado coil which has been coated with what looks like Marine-Tex epoxy. The battery was nearly new when I got it and it still holds a charge so it may have some life left in it. Comes with the Minelab charger and the shaft as shown in the pictures. I work it in water up to waist deep and it has never leaked. I looked at the O-rings about a year ago and they seems fine. I want to be very clear that it is not working properly and I am selling it AS-IS with NO RETURN.
I think it my be the stuff that he has put over the coil but I have never used a Minelab. Thanks for the ideas so far.