Any inspection object regardless of material can easily be inspected or discriminated with high accuracy and high sensitivity by being placed in a magnetic field generated by applying an alternating current to an exciting coil and detecting changes of voltage level and phase of electromotive force induced by a detection coil unit. The discrimination of the inspection object is performed on the basis of a DC voltage value with respect to a standard specimen and a phase differential voltage value with respect to a phase difference between the phase of a voltage signal from the induction coil and the phase of the exciting current to the exciting coil.