Here's something I've wanted to write here for a couple years now but held back trying not to start something. Well, maybe now is the time.
Anyway, the essence of the halo theory is that the target "seeps in the soil" thus making a bigger target thus making it detect much deeper.
This theory is easy to disprove simply by testing targets of different sizes in ones coin garden.
Not all detectors are the same I suppose but, the machines I've tested get about the same depth on silver quarters as they do on silver dimes (buried). My Tejon got a little better depth on nickels than it did on silver quarters.
The things that make for a depth difference are the type of metal being detected, frequency of the detector, and the condition of the soil around the object--not leaching into the soil.
I think this whole leaching into the soil thing got started when someone noticed that buried iron that has partially corroded away can leave a rust residue in the soil. It almost looks like a "halo" around the object but what it really is is metal that has simply rusted away.
Here's an interesting little test.
Dig a 5 inch deep hole and drop a penny into it.
Now try to detect the penny. Was the signal a little weak?
Now cover the coin with dirt and test again. Was the signal a little better?
Now press the soil over the coin down to pack it. Was the signal much louder?
This may not always work but I tried it today and it worked exactly like above.
Compressed soil means a much louder signal.
I firmly believe that fresh buried coins of the same metal sound the same, or very close to those buried 100 years.