Cody,
Many/most of the sites I hit are like that. Absolutely amazing how much iron is in the ground. I used to think all those iron sounds were from ground mineralization, but I have detected a couple of areas that were never built upon and there the threshold could be rock steady, move closer to where humans have been and it all goes to hell. Might be stuff as small as staples and who-knows-what-else.
Anyways, I do not believe there are any magic settings or patterns for hunting in these conditions. I personally hunt with open screen ferrous except with crown caps disc'ed out. My personal preference is to listen to all the low tones instead of a constant null, but that is only a preference as far as I can tell. Hunting in IM-14 or less probably would give the same results except you would probably only get a threshold 5% of the time.
The only time I use more discrimination is if there is lots of pull tabs and other modern trash that makes ferrous difficult. Then I will disc out the whole bottom two thirds of the screen and concentrate only on silver and copper. Or occasionally go to conduct and a little bit of iron mask.
I think that in high concentration of iron we are pretty lucky to pull out coins at all, probably leave more than we find. Only advice I know is to try different size coils, hit the area from many different angles, and slow down. It is always frustrating to hunt in high iron. But that is often where the coins are, in cleaner ground most of the goodies are long gone.
Chris