I responded below when you mentioned a $100 Classic ID. The Classic IDX and IDX Pro are a step up and made by adding the Target ID display and circuitry to the Classic III SL. It does come with a comment about versatility, a warning about control use, and a suggestion for upgrading it.
Versatility: The Classic IDX and IDX Pro have a broad-range of Discrimination adjustment on the low-end. If the toggle is in the 'Normal' position, the Discriminate range will be closer to that of the standard Classic ID. If the toggle is set to 'Normal' and the Discrimination level is set with the knob pointing at about the 9-o-clock position, you should just be rejecting most common iron nails. That's where I usually hunt with them as do my good friends who use the Classic III SL, Classic IDX and the IDX Pro.
If you want to hunt in an all metal accept Discriminate setting, which I do when I want to find everything anywhere, but especially when I am searching in very mineralized black or dark sand, pea gravel or other bad ground conditions, toggle to 'Black Sand' and set the Discriminate level to minimum. The 'Black Sand' label doesn't have anything to do with the Ground Balance function. I wish it would have been labeled 'Enhanced' or 'Expanded' because this shift or expands the lower end of the Disc. level.
When set to 'Black Sand' you will need to increase the Discriminate control to about the Ring Range preset or slightly higher in order to knock out the same iron nail that was rejected in 'Normal' when set at 9-o-clock. The upper end of the Disc. adjustment isn't changed and both 'Normal' and 'Black Sand' settings will still reject the modern Zinc Cent at about the 3-o-clock setting.
Control Use Warning: There are a couple of things to mention here and I'll start with the Sensitivity control. Again, forget the factory preset marking because, as a general rule, all of the Classics can be used at the maximum Sensitivity setting w/o chatter.
Unless you're prepared to quickly re-Ground balance your Classic III SL or IDX/IDX Pro, you might want to leave the Frequency Shift set at the 'preset' marking. If adjusted from the marker you will shift the GB, and too much adjustment can result in a lot of falsing because it usually results in a too-negative Ground Balance. There are two things I suggest doing: 1.. Move away from the interfering source, which is often a nearby metal detector. 2.. Have you Classic IDX (or III or Pro) modified. I've had excellent results with the detectors modified by 'Mr. Bill' Crabtree and, when necessary, I can use the frequency Shift to eliminate interference and very quickly Ground Balance with the 1-turn GB control and hunt away. When away from the interfering source, or just starting out. I set it back at the Freq. Shift 'preset' marker and GB.
Up-Grading Your Classic: As mentioned, I've had several Classic III SL's, an IDX, and a few modified IDX Pro models. What this provides you are two external controls: One is a 1-turn Tuner to adjust for a 'proper' Threshold setting for the All Metal and Pinpoint functions, and the other is a 1-turn Ground Balance control. The beauty of the Classic series is that if I adjust my Ground Balance for some of the worst ground in my general area, I never have to re-balance it. I just leave it alone and the Classics worked fine. The only time I needed to tweak the GB setting a little was if I changed search coils, relocated to a dramatically different ground environment, or had to re-balance if I used the Frequency Shift.
In closing just a reminder to invest in the 5.3 BullsEye coil, or other proper 6