Well, I found the cheapest (used) on eBay $229.00+ $13.99 Shipping. 90% of the time, you get what you pay for! The manual also states that it's probe is waterproof with it's 5 foot cable.
http://falconmetaldetecto...0-Manual-English.pdf Looks like they are based in Phoenix. I am going to phone them and ask if it is assembled or manufactured in China. I hope not!