Abstract: An adapter reel of the type which is mounted on a hub of a machine for holding and dispensing a coil of wire. The reel has a central tubular sleeve which is adapted to be slidably mounted on a machine hub. A plurality of base plates are mounted on the sleeve and extend radially outwardly in a spokelike fashion. A coil holding arm assembly is movably mounted on each of the base plates for receiving and holding a coil of wire. Each arm assembly includes an inverted L-shaped rod attached to a sleeve which is slidably and pivotally mounted on an upstanding post which is attached to the base plate. The sleeves and rods are movable between locked and unlocked positions. A lower end of the rod extends beyond the lower end of the sleeve and is engageable in a hole formed in the base plate to lack the arm in a coil holding position.