I'm sure if working it is a fine starter, but that detector is old and could break at any time and you would be out $100.
I would spend the $160 on a Tesoro Compadre with a lifetime warranty, or if you prefer a VDI $215 for the 2 coil and pinpointer Fisher F2 package with a 5 year warranty.
With the F2 you get a basic pinpointer included, plus a sniper coil. That's a hard value to beat.