A sheet dispenser in which sheets are delivered from cassettes to a collector and held thereon. The collector is mounted on a moveable support, and the collector and bills thereon are moved to either left or right delivery areas of the terminal in response to a request entered on an input terminal. Closures normally close the left and right delivery areas; however, these closures are opened to permit the sheets held on the collector to extend out of the dispenser to be grasped by an operator.