Eddy Current coin detector

It all depends on what you want to achieve. If you know in advance that you are measuring a coin that belongs to a fixed set of coins then the task is easy. If you have to judge by the measurements if you are actually dealing with a coin and if this coin belongs to a predetermined set of coins then the tasks becomes significantly harder.

For the current task it seems that you want to solve the easy problem thus bill's approach is definitely sufficient.