Coal ash (CA) is not only one of the most solid wastes from combustion, easily resulting in a series of concerns, but it is also an artificial deposit with considerable metals, such as iron and rare earth. The variation in the coal ash characteristics due to the origins, combustion process, and even storage environment has been hindering the metal utilization from coal ash. In this study, three ash sample from lab muffle, circulating fluidized bed (CFB), and pulverized coal (PC) furnace was derived for the discrepancy study from the combustion furnace, including properties, iron, and rare earth recovery. The origins of the coal feed samples have more of an effect on their properties than combustion furnaces. Magnetic separation is suitable for coal ash from PC because of the magnetite product, and the iron content is 58% in the Mag-1 fraction, with a yield of 3%. The particles in CA from CFB appear irregular and fragmental, while those from PC appear spherical with a smooth surface. The results of sequential chemical extraction and observation both indicated that the aluminosilicate phase plays an essential role in rare earth occurrences. Rare earth in CA from muffling and CFB is facilely leached, with a recovery of approximately 50%, which is higher than that from PC ash. This paper aims to offer a reference to easily understand the difference in metal recovery from coal ash.