Don't take the following as bad mouthing the TS, because I still have high hopes for mine. I got it on 5 May and used it three times before it broke on the 13th of May and I had to send it back to the factory. If I had bought it locally, I would have taken it back to the dealer, but there are no dealers around here and I got it over the internet. I am told this rarely happens, but it happened to me. I bought mine to work the salt beaches and surf and discovered the following that may help to answer your questions. 1. My TS did chatter in the salt water, until I was advised by Sandman that I needed to turn the sensitivity down a little bit. He said that with the sensitivity turned completely down, it will still find the coins, but maybe not the back of an ear ring. I adjusted the sensitivity down just a bit and no more chatter. 2. As to finding small gold? I plan to but have not yet had the chance to take it prospecting. However, I did find several very small pieces of metal that kept sifting thru my sand scoop. One was the eye to a shoe lace and the other was a tiny shred of a pull tab. Both strong signals. Working on the beach I might actually consider turning the sensitivity down some more to avoid searching for stuff I can't keep in my scoop. Based on my very limited experience, I think it will be able to find a small nugget, although I am not sure and I don't know how deep. In the wet sand at the water's edge I did find a brass ring at least 8" down and some clad similarly deep. I don't have the TS back yet but I am anxious to use it again. Hopefully, the problem I had is not common. I also purchased a clean sweep coil for mine, (which was one of the primary reasons I chose this MD) in my ignorance, I discovered the coil was for a land unit (Tesoro no longer makes the one for the TS) and I then had to buy a connector cable to make it work with the TS. However, with this connector cable it will not be waterproof without some unofficial modifications which I will probably do once I determine that the modified set up actually works. Two possible disadvantages to the TS that I have found. 1. There is no tone or other distinction between metals for ID purposes. Tesoro suggests that finding a target and then discriminating it out will tell you what the target is. That may work, but I am not use to the unit enough yet to perform that function naturally and I will have to set up my own notches since the knob only has numbers on it. 2. No obvious indication of depth of a target. There may be a way to figure this out, but I am not there yet and I don't have it right here to work with. Not sure if this will help or hurt your decision. When I bought mine, I had every expectation that it was the right combination of features for beach hunting, coin shooting on land and gold prospecting that would work for me. Right now I am a little disappointed but I still have high hopes for it once I get it back and have the opportunity to really get use to it. Good luck with whatever you decide.