Abstract: A coin storage and dispensing apparatus comprising a coin hopper assembly and a coin track assembly is disclosed for orienting coins in edge-to-edge relationship in the coin track assembly, and for dispensing coins from the coin track assembly at an elevation higher than that of the coin hopper. An impact drive assembly for preventing damage to the drive or gear box when a coin jam occurs or there is a malfunction in the coin hopper or coin track assembly is also disclosed. The coin storage and dispensing apparatus also incorporates an improved coin counter device, an anti-theft device, and a coin ejector for propelling coins from the exit slot.