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Explorer II Snags A Nice Pre-Civil War Naval Button

I took the Explorer II out today to a field I've hunted many times. It has turned up numerous Civil War bullets, buttons, a few nice silver coins, and even some Colonial flat buttons in the past. Lately it hasn't turned up much. I've been hunting it on and off for about 5 years.

Today I had the stock coil on, sweeping slow and methodical, running sensitivity at 28, IM -16. I was in digital and got a nice solid higher tone that read 03-27. I was thinking possible silver dime, maybe an Indian Head. It was deep...about 10 inches.
The backmark is "William Wallis Extra Fine No. 1". I haven't been able to find the exact button online anywhere but the British company made buttons from about 1797 to 1828 (or 1780 to 1830), depending on the source.

Here are a few pics of it, first the way I found it and then washed off a little to show some of the gold gilding. (Barber quarter shown for size comparison)
 
No, I was running my gain at 7. I'm not sure how more gain would help in that case. I mean, I have Black Widow phones, turned up, and the sound is very good. I'm pretty sure I'm not missing anything. Am I misunderstanding the function of the gain?
 
I'm digging more bullets, now that my gain is set at 10 instead of 6,at a hunted out camp, maybe its just a coincidence.I have dug 60 dropped bullets out of this area, no buttons, go figure. It couldn't hurt to try it.These bullets are in the 7 to 10" range. Good luck Mike . John, in Tennessee
 
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