All lines of force are parallel they never intersect and always return to the source, that is, the detector coil. Like the imaginary magnetic field lines around a horseshoe magnet. When the magnetic field lines generated by the coil intersect a metal object they create a voltage which causes current to flow, which in turn causes another weaker magnetic field to be generated, which if strong enough causes the inductively balanced transmit and receive coils to no longer maintain equilibrium and again generate a voltage which drives a current which is amplified into a beep.
But, the greater the number of magnetic field lines passing through an object the greater the induced return signal caused by the eddy currents. So, a coin near the surface will react with a stronger secondary field than one deeper. Generally the field loss obeys the 6th power law, that is a cubed loss into the dirt and a cubed loss back to the coil. Thus, a target twice as deep will be 1/64th weaker at the coil (1/2^6). But also, if the position of the target is altered so that a coin is on edge, the field lines may not "cut" the target as well, being more parallel now. This results in a weaker secondary signal. It may be in this case that it is the outer edge of the coil that signals first because the field lines in the ground are turning and are more perpendicular to the coin surface. As the coil sweeps past the target the signal is lost (more parallel lines into the ground along the coil center line or Tx/Rx portion of a DD) and the coin now TIDs as iron. You can also get a double beep on coins on edge - once from the right-to-left sweep and upon reverse - each hitting opposite sides of the coin.
Keep in mind that magnetic materials, iron in particular, produces a much stronger signal at the coil because it not only may produce weak eddies it also causes magnetic moments to align with the primary field briefly and then relax. This movement creates an reinforced secondary field that can overpower the weak coin signal. So, you only get an iron audio or TID or perhaps a chirp of high tone associated with the non-ferrous coin. The more iron buried between the coin and the coil the more the coin TID is down averaged so that the E-Trac will show deep coins near 25-27Fe instead of 12-14Fe when recovered. You may just walk on by thinking it is a nail. Plus, the E-Trac can reject the coin and null and never register its weak eddy signal - you won't know the coin even exists at all.
If you are still reading ... Iron tends to concentrate field lines and non-magnetic metals tend to deflect them around away. This has to do with the way the secondary field interacts with the primary - it cancels it. But no so much with the iron - which has a permeability above one, which makes it easier for the field lines to pass through. The net effect is that magnetic metals, like iron nails and maghematite and magnetite or rust flakes will pull or distort the field lines away from the vertical and bow out the pattern, causing a loss of depth. The coin may still be detectable at 6" but with concentrated iron the field lines spread outward and very little lines cut the coin to generate a secondary. Thus, you'd have to dig out the iron to get the coins underneath - the iron was "masking" the coin.
A bigger coil will drive more field lines into the ground and generate a better response from the coin - but also will drive a much much larger response from the iron - negating the gain. In other words, a small coil has less volume seen under the coil which decreases the effect iron has and increases the sensitivity to smaller targets. So, in iron we use smaller coils and get more depth - an oxymoron - smaller gets better depth than larger. The DD coil is preferred since it has less volume than the concentric and can wedge between the iron to hopefully zap the coin masked between.
One thing worthy of note: Iron in the ground responds via momentary magnetism of its iron atoms and is very fickle to the energy source (its orientation sensitive). Moving the coil slightly will cause a wildly changing response returned to the coil. This causes the TID to jump about. When a coin is nearby, if the field lines are altered slightly the iron response may not give the ferro response as strongly and the coin squeaks out through the iron. Thus, to make the eddy current response prevail you have to turn around the suspected deep coin target and every so slightly sweep the coil. The goal is to listen for that repeatable high chirp. It may be repeatable only in a very discrete and narrow sweep and perhaps only one way (i.e., left to right but not right to left). But that is a deep coin signal and needs to be dug. You may never get a two-way repeatable clear high tone in iron ridden soil. While the E-Trac maintains TID better than most at depth, the TID will fail as the depth increases, become more wild, due to the weakened signal. But the audio will still reveal the target as a coin - so place the highest priority on the sound and less importance on where it falls on the TID, especially if the depth meter is pegged below 6-7" deep.
Large deep low-conducting iron, though producing weak eddies on its rough, poorly conducting surface will still in total energy produce a strong eddy response due to its large surface area (such as a buried iron hinge or iron plate). The coil has no idea and assumes it is a weaker eddy from a nearer non-ferrous coin-sized target (to which it is scaled). You dig to 3" and no coin, then 6" and still the target is deeper, finally you find the worthless iron at 12" or more. Likewise, very deep non-ferrous (like soda cans) produce immense eddies on its surface which produces a relatively strong high tone audio and the depth meter says it should be a shallow coin too. Much digging later and you have your mangled soda can at 15". Note that if you are digging past the reasonable maximum depth of detection for a coin sized object - it ain't a coin. If you hear hoof beats think horses not zebras. Most large deep ferrous or non-ferrous have a wide dispersed or broad audio when swept rather than the more isolated and centered audio of a coin-sized object.
One other thing, elongated iron responds strongest at the extreme ends and along bends - these are points that eddies are more easily generated in the surface. A horizontal nail at 10" will produce a strong signal that jumps around, but you think you are getting a high chirp from a non-ferrous coin buried nearby - it parrots a masked coin. After you find a few nails and isolate the nail tip as the culprit you will recognize the rather truncated chirp that elongated iron gives from the masked coin chirp (which is fuller).
Since the nail is elongated the center point of the target will often jump from where you first located it in DISC - a sign you are dealing with iron (the eddy producing tip is offset from the iron shaft ferrous signal by a few inches causing the center of the target to jump around when pinpointing with the coil). As you dig the signal will often be strongest off to the sidewall of the hole where the ferrous is emanating (the tip only sounds off strongly to the coil not the pinpointer. You centered on the tip and now the pinpointer is finding the nail shaft). The combination of being off-center when pinpointing with the coil and off-center in the hole is a common nail signature. Note: the nail can phase shift wrap so that the 35Fe bottom signal is pushed so it appears at the 01Fe top on the E-Trac - don't be fooled into thinking you have a silver dollar, if it's erratic in the TID like this, it's just a nail.