The invention discloses a 
system with 
dual coil assemblies for online monitoring chippings in lubricating oil. The 
system comprises a 
power module, a sensor module, a 
signal demodulation module and anupper computer, and is characterized in that the 
power module is provided with a first positive 
voltage output end, a 
negative voltage output end, a second positive 
voltage output end and a third positive 
voltage output end, the sensor module comprises a sensor driving module used for producing sensor excitation signals, a first excitation module, a first sensing module, a second excitation module and a second sensing module, and the 
signal demodulation module comprises a first 
differential amplification module, a first phase-sensitive 
demodulation module, a first lowpass filtering module, afirst super 
servo amplifier module, a second 
differential amplification module, a second phase-sensitive demodulation module, a second lowpass filtering module, a second super 
servo amplifier module,an AD sampling module and a DSP control module. The 
system has the advantages that the 
signal demodulation module has totally two paths, the detection missing rate is effectively lowered, the reliability of the detection result is improved, and the detection efficiency and detection precision are high.