Abstract: An improved electronic coin mechanism and coin operated dispensing system includes an electronic coin mechanism which controls operation of a vending machine and stores certain types of data. The data in raw form are read out by a reader which may be interfaced to a computer through a shuttle. Due to the variety of information which may be collected, the computer is able to generate a variety of reports. The electronic coin mechanism is battery operated and designed for long service life. The mechanism includes an apertured rotatable coin wheel which detects the value of a coin by its diameter and compared the count with stored information in the coin electronics, the latter having an elapsed time relative counter. Time of first and last sale as well as sales per period are stored as well as total amounts received. Various levels of security are provided. Details of the coin mechanism and system are described.