Minelab Vanquish 540 Metal Detector


In stock 19 currently available

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Product highlights

  • Search Coil: 12x9" Elliptical DD Coil
  • Construction: Waterproof Coil to 3.3ft, Weather Proof Control Pod
  • Warranty: 3 Year Limited Warranty
  • Features: Iron Bias, Red LED Backlight for Low-Light Hunting, Multi-IQ Technology
  • Headphones: 1/8" Wired Headphones
Best for
Best for Coin icon


Best for Gold icon


Best for Relic icon


Best for Beach icon


Best for Advanced icon


Best for Beginner icon


Product Description

Enter the world of Multi-IQ detecting with the Minelab Vanquish 540. Complete with a 12x9" search coil that is waterproof to 3.3ft, you can hunt along the beach and even in the surf all you want. The multi-frequency technology will help you do just that while avoiding some of that interference you might get on other machines. The control pod is not waterproof, but it is weather proof and you get a rain cover to make sure even a few rain clouds won't stop you on your next treasure hunt.

The red tinted backlight on the Vanquish 540 will help you hunt at night so you can keep seeing all your settings and even your target ID without sacrificing your night vision completely. Minelab's Vanquish 540 is ready to help you coin shoot with a highly refined pinpoint mode as well as a dedicated coin mode. You also have relic, jewelry, and all metal modes that are ready to turn on and go, plus you get an additional custom setting so you can save your discrimination pattern just how you like it. Go for the gold - or the coins, relics, or jewelry!! - with the Vanquish 540 from Minelab.

To update your Vanquish 540 to the latest software version, click here to follow these instructions.

  • Manufacturer Minelab
  • Manuals

    Instruction Manuals

  • Quick Look Minelab Vanquish 540 metal detector - 12x9" DD Coil, custom search profile, Multi-IQ operating frequency, variable terrain capability & more
  • SKU 237-38200003
  • Manufacturer SKU 3820-0003
  • Product Type Metal Detectors
  • Best for Beach, Beginner, Coin, Gold, Relic
  • Factory Included Accessories
    • 12x9" DD Coil
    • 1/8" Wired Headphones
    • Rain Cover
  • Warranty Yes
  • Detector Type All-Terrain
  • Interchangeable Search Coil Yes
  • Technology Multi-IQ
  • Arm Rest Adjustable
  • Arm Rest Strap Yes
  • Adjustable Shaft Yes
  • Apps None
  • GPS No
  • Audio Tones Yes
  • Depth Indication Yes
  • Control Box Mount Standard
  • Programmable Target Id Yes
  • Target Id Segments 50
  • Target Id Yes
  • Threshold Adjustable
  • Discrimination Adjustable
  • Pinpoint Mode Yes
  • Vibration Mode No
  • Search Modes 4
  • Search Mode Types Coins, Custom, Jewelry, Relics
  • Search Flashlight No
  • Display Type LCD
  • Backlit Display Yes
  • Volume Control Yes
  • Headphone Jack 1/8"
  • Bluetooth Compatible Yes
  • Interchangeable Headphones Yes
  • Battery Type AA
  • Battery Quantity 4
  • Battery Life (hr) 10-11 hours
  • Waterproof Non-Waterproof
  • Rechargeable System No
More Information


Minelab VANQUISH 540 Metal Detector: for the serious detectorist who demands ultimate performance. As if Multi-IQ technology, audio control, and pinpoint wasn’t enough the 540 also boasts iron-bias control, red LED backlight and rechargeable batteries. What’s more, it comes with a waterproof 12” coil as standard for greater depth. No matter where the hunt takes you, the 540 is the ultimate detector that lets you detect on your terms.

Minelab Vanquish 540 Carton Front


Why Multi-IQ? Because with Minelab’s revolutionary Multi-IQ technology, you’ve got the combined power of multiple detectors in one — all working for you at the same time. Simply turn on and go. Nothing goes undetected and no terrain is off limits. Silver gold or jewellery. Park, field or beach. Unearth the power of VANQUISH with Multi-IQ.


No matter what you seek, VANQUISH has you covered. Simply select one of the four Find Modes — Coin, Relic, Jewellery, or All Metal — then start swinging. This machine is not waterproof but the coil is. Each mode is pre-programmed and optimised to give you the best performance, anytime and anywhere: park, field or beach. You can even save your favourite settings to a custom Find Mode.

VANQUISH welcomes tough terrain. It dominates at the beach in wet sand and salt water, outperforming other detectors that can’t compete. 25 discrimination segments deliver ultimate control over what metals you want to accept or reject.

1.3kg (2.8 lbs) light with a unique collapsible snap-lock system makes it easy to pack and go.

Minelab Vanquish 540 Carton Back


More treasure, less trash. Adjustable Iron Bias control lets you switch between High (default) and Low.


Cover more ground and search deeper with the V12 12”x9” V12 coil included as standard.


Automatic noise cancelling, lag-free audio response and 10-volume settings put you in control.


Waterproof coils up to 1 m (3.3 ft) and Water Resistant control pod (with included Rain Cover


Included pinpoint mode to help you locate targets with extreme precision.


Red LED Backlight to help low-light vision.

Customer Reviews

Average Experience Rating


5.0 average of 3 reviews


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    • ★★★★★ Awesome metal detector

    Review by Cobb741 on October 30, 2020

    Lightweight and easy to use, will do all that you want it to do!
    • ★★★★★ Coin collector

    Review by Csg on March 12, 2020

    Finally got this Vanquish. Love the portability and lightweightness. Finding lots of coins with it. Definitely worth the wait!
    • ★★★★★ The Vanquish is a beast!

    Review by JonPie on March 2, 2020

    I've had the Vanquish on about 5 hunts now. For the price range this thing kicks butt! It runs silent one bar from full sensitivity in areas where all other machines need turned down to run. Also the depth is incredible! I have already pulled pennies at 12 inches. I'm hitting parks that have been pounded for years by CTX's, E-tracs, and Equinoxes even as of late. I have been going back through and pulling out all of the deep coins the others are missing.... Very impressive Minelab!
Questions and Answers
  • Posted On: 10/4/2021 By: Daniel

    Q: Hello, do you ship to Spain?

    A: At this time, due to restrictions from the manufacturers, we cannot ship outside the US.
  • Posted On: 7/21/2021 By: arnold t totch

    Q: if i bought 3 of the non kit v 540s would i get a discount

    A: We have a number of options available, it would be best to discuss it by phone if you'd like to give us a call.
  • Posted On: 4/5/2021 By: Tim T

    Q: Which is better Mine labs Vanquish 540 or Garrett Ace Apex?

    A: That would be a personal preference, both are multi-frequency detectors. They are both great detectors, but it would depend on the features that you want.
  • Posted On: 3/22/2021 By: Joe Don Tillman

    Q: Is the 15% military svc. discount for 'active duty' personnel only or do 'inactive' prior duty veterans qualify as well?

    A: It is for active and former military. Yes veterans are eligible.
  • Posted On: 3/18/2021 By: Jarkko Maula

    Q: Hi! Do you ship to Finland? And if so, how much would it cost to ship here?

    A: Sorry, due to manufacturer restrictions we cannot ship outside of the US.
  • Posted On: 3/1/2021 By: James Esposito

    Q: Why does it say Best for Gold for the 540 but not for the 440 and 340 when they all use the same Multi frequency technology? Thanks

    A: Because the 540 offers the most discrimination and the most sensitivity levels, plus the larger coil will achieve more depth.
  • Posted On: 2/26/2021 By: Michael Williams

    Q: I need to buy a metal detector to find gold. I also would like to have the ability to find coins. My first thought was to buy the Minelab Gold Monster 1000. The Vanquish 540 seems to be very capable of finding gold at great depth. Occasionally I would like to scan over some rocks to see if there is gold inside them and was wondering if the Vanquish 540 can see into rocks?

    A: If you are looking for versatility, finding gold and coins, I would look at the Equinox 800.
  • Posted On: 2/25/2021 By: Nope

    Q: Does this version come with a charger for the rechargeable batteries?

    A: The VANQUISH 540 and VANQUISH 540 Pro-Pack are supplied with four rechargeable AA NiMH batteries and a battery charger.
  • Posted On: 1/10/2021 By: Don Avarez

    Q: Hi and greetings Can the vanquish 540 be used for gold prospecting and gold nuggets? Kind regards

    A: It can be used to find gold, but if that is your main target, there are gold specific units that may be more effective.
  • Posted On: 12/31/2020 By: Chuck

    Q: I'm looking to upgrade from my Fisher F22. I'm looking at the Minelab vanquish 540, Teknetics Patriot or anything in that area. What would be your opinion. Thank you

    A: The Minelab Vanquish would be a better option over the Teknetics Patriot. It uses multi-frequency technology which is going to give you more stability, better target separation and depth.
  • Posted On: 12/14/2020 By: Ben G.

    Q: What is the range of frequencies used? How many frequencies are used when detecting?

    A: It uses 3 frequencies but Minelab has not released what those frequencies are.
  • Posted On: 11/27/2020 By: Patrick

    Q: Will this unit work with "hot rocks"?

    A: Yes, it will!
  • Posted On: 11/13/2020 By: James Tucholski

    Q: Can we combine the reddit (they sent me here) and military discount?

    A: Only one coupon can be used at a time.
  • Posted On: 10/27/2020 By: John P.

    Q: If I use the military discount, can i still get the Minelab bonus pinpointer?

    A: Yes you can. You would need to call in to place the order so that we can apply the discount.
  • Posted On: 10/18/2020 By: Brian Murphy

    Q: Hi. Does this unit have the upgraded software that lets me control iron volume in the all metal mode so I can run iron volume low in all metal mode ?

    A: This should come with the updated software. We get new shipments in all the time and the newest detectors come with the updated software. If for any reason it does not have it, it is really easy to update via the website.
  • Posted On: 10/6/2020 By: Tracy

    Q: Does the 540 Pro Pack include coil covers for both coil Size?

    A: Yes, they both come with the coil covers.
  • Posted On: 9/9/2020 By: Doug Matthews

    Q: Can the vanquish 540 run on 4 A duracells without risks . Thanks for your time.


    Yees, the VANQUISH Series is compatible with both rechargeable and non-rechargeable AA batteries.

  • Posted On: 9/6/2020 By: Ben

    Q: Is the ground balance user adjustable so I can hunt with a slight negative ground balance?


    The Vanquish does not have manual ground balance.

  • Posted On: 8/2/2020 By: Paul G.

    Q: Does this unit have automatic ground balance?


    Yes, this detector does have the automatic ground balance feature. 

  • Posted On: 7/13/2020 By: Matt

    Q: Hello Minelab. What do I need to do to prove military service to get the 15% discount? Thanks, Matt


    To receive the military discount, you would need to send us proof of affiliation to [email protected]. Please include a phone number so that we can contact you once we receive it. As far as proof of affiliation you can use a DD214, driver's license with "veteran" on it, discharge papers or any other proof other than an active military ID card.

  • Posted On: 6/26/2020 By: Jose Jusino

    Q: Hi. I am interested in a cheap and good quality detector that can be used for salty and fresh water. As also sand and earth. This would be a good option?

    A: If you are looking for an entry level detector that is good for both salt and fresh water, I would recommend the Vanquish 540. It is a multi frequency machine that makes the detectors performance much more stable in the salt water. It is not completely waterproof but the coil is. As long as you do not get the control box wet, you should be ok.

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