I'm not familiar with hammered coins but I've heard that they're different, if some fall in the foil range than I can understand your concern for any signals in that range. I have to believe though that even if the signal in Detect mode is solid on every forth pass or so that if it is a coin or ring that it would come through in pinpoint mode.
As I've mentioned, the lack of a pinpoint signal on something good that sounds off when in Detect mode is a more or less a rarity and may only happen a few times where it turns out to be a keeper. So, if this is happening in this garden more than once you can bet that it is not because of coins or rings. Not to say it can't be a coin or ring but that it probably isn't.
I sometimes post about 'working a target' in Detect mode in order to get a good analysis on the target, this 'working a target' can be translated to pinpointing also. Sometimes I have a really deep target that is on the fringes of detection and both Detect and Pinpoint modes barely sound off any signal at all so after working a signal out in Detect mode and deciding it's a worth while dig I will then have to work out a signal in Pinpoint mode. When trying to get that signal out in pinpoint I may have to reset the pinpoint and start over a few times.
A note on the Explorer depth abilities over the Sovereign:
I believe that in many ways I had mastered using the Sovereign before getting the Explorer and pretty much knew it's depth capabilities, which were great. After maybe a week or so I was thoroughly convinced that not only does the Explorer have greater depth capabilities over the Sov but it also has superior target separation capability too. Just trust that if your Explorers coil goes over a deepie that it will see it, that if you have not yet hit a coin deeper that say 10 or 11"s that you just haven't gone over one yet. I wish I could hunt a garden that has produced ancient Roman coins in the past <IMG SRC="/forums/images/smile.gif" BORDER=0 ALT="
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Here is a chart that illustrates how much better I personally believe the Explorer is over the Sovereign in terms of depth capability <FONT COLOR="FF0000"> This chart is only meant to drive the point of the Explorers depth over the Sov home, it is only a general interpretation. </FONT> Notice though how there are fewer coins at extreme depths which if this is how they're configured in the ground it might explain why the really deep keepers are rare to find.
Anyway, Good Luck hunting that garden/HH