Abstract: A dispenser for chips or coins includes a cylindrical body and a plunger for moving the chips out of an open end of the body. The open end of the body is formed as a thin distortable ring having at least a pair of oppositely disposed detents thereon against which the chips or coins are normally engaged. A movable collar surrounds the lower end and the distortable ring and alternately spaces the distortable ring from a supporting surface so that a single chip or coin may be dispensed therefrom or permits the distortable ring to engage the supporting surface about a chip or coin to be reinserted in the device.