Abstract: A coin slide [10] is provided having an apparatus for rejecting magnetic coins and magnetic slugs and comprises a housing [11], a mounting flange [12] and a track [16]. A slide or carrier [21] is slidably received within the track [16] and has slots [23] for carrying coins standing vertically on edge along a horizontal coin path. A cylindrical permanent magnet [33] is positioned above the coin path for lifting magnetic coins and magnetic slugs at least partly out of the coin path to prevent the slide from carrying the coins farther along the coin path. An elongated cylindrical stop [34] provides a positive barrier against which magnetic coins and slugs which have been lifted by the magnet can engage to prevent further insertion of the slide [21].