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Are you an aspiring gold hunter but on a tight budget? You don't have to break the bank to get a reliable gold detector. In fact, you can find some of the cheapest gold detectors that perform well and are suitable for beginners or hobbyists.

In this article, we'll introduce you to the top 5 affordable gold detectors that won't cost you an arm and a leg. But before we dive into the list, let's first understand what a gold detector is and how it works.

What is a Gold Detector?

A gold detector is a specialized metal detector designed to detect gold and other precious metals buried underground or hidden in rocks, soil, or water. Gold detectors work by emitting a magnetic field that interacts with the metal object, causing it to produce an electromagnetic signal that the detector picks up and alerts the user.

Gold detectors come in various shapes and sizes, from handheld devices to large-scale machines. They use different technologies and features, such as frequency adjustments, discrimination modes, ground balancing, and sensitivity controls, to enhance their performance and accuracy.

Now that you know what a gold detector is let's explore the top 5 cheapest options available in the market.

Bounty Hunter Gold Digger

The Bounty Hunter Gold Digger is a popular entry-level gold detector that costs less than $100. It features automatic tuning and ground balancing, a trash eliminator to filter out unwanted targets, and a headphone jack for private listening. The Gold Digger is easy to use, lightweight, and compact, cheapest gold detector making it an excellent choice for beginners.

Garrett ACE 200

The Garrett ACE 200 is another affordable gold detector that costs around $200. It offers five search modes, adjustable sensitivity, and discrimination controls, and a digital target ID for easy identification of targets. The ACE 200 also comes with a submersible search coil, making it suitable for shallow water hunting.

Fisher Gold Bug Pro

The Fisher Gold Bug Pro is a mid-range gold detector that costs around $550. It features a large LCD screen, a dual-coil design for improved depth and sensitivity, and an advanced discrimination system that can distinguish between different metal types. The Gold Bug Pro is lightweight and easy to handle, making it an excellent choice for both beginners and experienced users.

Minelab X-Terra 305

The Minelab X-Terra 305 is a versatile gold detector that costs around $450. It features a unique VFLEX technology that allows you to change the frequency of the detector by swapping the coil. The X-Terra 305 also offers multiple discrimination patterns, adjustable sensitivity, and ground balancing controls, making it suitable for a wide range of hunting conditions.

Nokta Makro Gold Kruzer

The Nokta Makro Gold Kruzer is a high-end gold detector that costs around $750. It features advanced pulse induction technology that can detect gold nuggets buried deep underground. The Gold Kruzer also offers multiple search modes, waterproof design, and a built-in rechargeable battery. While it's pricier than the other detectors on this list, the Gold Kruzer is an excellent investment for serious gold hunters.