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There are other metal detector projects using AVR and PIC. This one is nice and simple. I do wonder why the 7.64khz frequency was chosen instead of something in the 15k to 20k range wasn’t used.
If you want to get rich by hunting with a metal detector, you might want to consider how much you invested in the hardware to start with. Finding a tin can with a $200 detector might not make econo… ...