There are a lot of ways to set up and hunt. I've got a Cibola, similar to Vaquero. You can run supper tuned, with the threshold turned up and get some more depth. I started hunting that way when I first got it and dug a lot of deep iron that did not discriminate out real well when super tuned.
I increased the total value of what I dug when I set the threshold for a usable pinpoint / all metal hunting.
If you are interested in looking for jewelry, hunt with the discriminator set to just cut out small iron. If you want the really small gold pieces, go with lowest discrimination setting or all metal and get the smallest of earring backs and chains too. You will dig more trash this way, but will get small jewelry that other people will miss. You can thumb the discriminator up and see where targets cut out to get a good guess of what you are beeping on. (Remember to return it to a low setting before going after the next target or you may be over looking something you want to find). You can use the pin point to size targets and listen to the vco on the pinpoint for depth information.
If you just want to find dimes, quarters and silver, set the discriminator accordingly and go. Just remember that you may loose a little depth with the discriminator up higher. Settings are frequently about trade-offs. Play with various settings, observe, ask more questions and keep learn.
Once ground balanced, with the Cibola and with the Tejon I have, I normally run sensitivity as high as I can without too much chatter. Most of the ground I'm over, the sensitivity can be just into the red.
The exception to that rule is when I am looking just for a newly lost item for someone. Then I take the Cibola, turn down the sensitivity to about 2 and it will only hit on the shallow targets. If a tot lot is recently frozen, I use the Cibola with low sensitivity to just get recent drops on the surface.
Listen to the beep carefully. With practice you will hear the edges of the beep crackle, be smooth or bounce and echo. Crackling sharp edges indicate something on the verge of being discriminated out. Bottle caps beep too well but the edge of the beep is sharp. A coin will have a smoother edge of the beep. A bounce and echo can be a big target close to the surface, or a large round piece of iron (round, such as washers, like to hit well even when you would normally expect them to be discriminated out). And echo can sometimes be a give away.
Take your time, listen to the Vaquero and dig a lot of targets to see what they are and get a feel for what the detector is telling you.
Hope you find a lot of good targets.
Cheers,
tvr