Abstract: A coin payout mechanism for vending machines dispenses coins stored in vertical columns. The mechanism comprises an upper frame plate, a plastic retaining plate, a rigid coin receptor plate, a rotatable disk confined within a spacer plate, a bottom escape plate, and a motor-gear assembly to drive the rotatable disk and switches to monitor rotation and coin levels. The plates are fixed together in a stacked relationship; preferably all are square and of similar dimensions. The switches and motor assembly are mounted on the frame plate, which mounts the mechanism within a vending machine. A drive shaft of the motorgear assembly passes through a central orifice defined in the frame and the retaining and receptor plates. The retaining plate receives two coin tubes. The rigid coin receptor plate defines coin receptor orifices coaxial to the tubes. The rotatable disk is generally circular and defines a single oblong stripper orifice near its edge. The stripper orifice alternately indexes with the tubes.