Abstract: In a wire coiling machine, wherein wire is continuously formed into coils, comprising a wire bundling assembly mounted on a frame and including a coil forming capstan and an accumulator drum axially mounted under the capstan and surrounded by a rotatable enclosure an improvement which comprises a wire cutting assembly including a percussion cutter unit mounted on the frame for rotation around a vertical axis and an anvil formed as a ring mounted on either the capstan or the accumulator drum and having a surface of revolution for taking an impact load from the cutter unit when the wire is cut at the instant a bundle of wire coils has been deposited. A wire receiving arrangement known to the art is placed below the wire bundling assembly to receive wire coils that have been laid in bundles.