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Digger said:The magnetic field produced by a target is dependent on its electrical resistance and its electrical inductance. Both resistance and inductance are determined by the targets metallic content, size, "angle" of approach and shape. Your testing the gold coins is similar to the results found with many coins. For example, silver dimes and silver quarters have the same metallic composition. But the dime, being smaller than the quarter, provides a "smaller" CO number than the quarter.
In more detail....keep in mind that resistance and inductance are determined by the targets metallic content, size, "angle" of approach and shape. When an electromagnetic field is produced within the target (reacting to the transmitted signal), this electromagnetic field will produce two components based on the target's resistance and inductance. These are the reactive component (X signal) and the resistive component (R signal). While the reactive X signal mirrors the transmitted electromagnetic field, the resistive R signal is delayed due to the target's resistance and inductance. The properties and parameters of that signal delay are processed in the detector to establish the target's ID.