Yes I have found wheat pennies and a few silvers. Unfortunately I was unable to tell if it was the silver coin in the hole with any of the iron as the parks I hunt here in southern California, the coins come out really corroded and discolored and need a lots of cleaning. I've tried bringing bottles of water and little scrub brushes along on my hunts to see exactly what it is I'm pulling out of the ground, I decided that just takes too much time and I worry about what's in the bag after I get home. As far as depth goes, you will see if you read any of my other posts that I regularly pull dimes in the 9 and 10 in range with no doubt I'm over a good Target. All of that and I have now discovered that my detector is way out of adjustment, according to Felix at First Texas products. so I think that should tell you something, I have a detector way out of adjustment that I am for the most part unable to ground balance yet I'm still pulling dimes that I know are good targets in the 10 inch range. I can't wait to see what it's going to do when it gets home after being recalibrated.