V, I was referring to the tombac button. Pretty common at the 18th century sites. It is a brass alloy that can contain a handful of different metals. They are usually greyish or silvery looking depending on the amount of zinc content. They hold up well in the ground.
The point I was emphasizing along with Charles was that "conventional" settings are not the final word in any situation. In heavy iron, the conventional wisdom is small coil, low TX and high Reactivity. That is fine for sniffing out a lot of targets but it will still leave a lot behind. What surprised me wasn't finding the tombac with the deep settings, as I had hunted the iron with those settings with the 9 inch coil, but what surprised me was that it hit hard on the 11" coil but not the 9". This is an inch diameter button that was only 3 inches deep. The 9 inch coil usually eats those up! I was using a 3 Tone with Disc at 6.