A coin dispensing apparatus capable of dispensing coins of a plurality of denominations surely and more quickly and capable of being fabricated at a low cost is provided. A plurality of coin dispensing units each including a rotary disk having apertures for receiving coins supplied from a coin source are used in combination. Coins received in the apertures are moved along a carrying path. The coins are moved through a dispensing opening from the carrying path toward a coin outlet. A common driving device commonly rotate the disks of the units. A transmission device transmits a driving force of the driving device to the disks. A passage blocking member is formed in a dispensing opening and is selectively positioned at the non-blocking position or the blocking position while simultaneously rotating the disks of the coin dispensing units, thereby dispensing the coins using rotation of the disks based on a dispensing instruction.