Abstract: A coin dispensing machine capable of selectively dispensing a coin of a predetermined denomination from among coins of various denominations stored in a plurality of coin tubes. Coins placed at the bottom of the respective coin tubes (i.e. the lowermost coins in stacks of coins in the respective coin tubes) are taken out of the coin tubes by means of a pay out slide. A single coin only among the taken out coins nominated by selective energization of two solenoids is allowed to drop below while the coins which have not been selected are returned to the coin tubes. The dropped coin is then introduced into an outlet by a wiping operation of one or two wipers.