An engraving apparatus for engraving a workpiece selected by a user. The workpieces are contained in storage columns and biased into a shuttle by a spring system mounted externally to each storage column. The shuttle is moved by the engraver between loading, engraving, and dispensing positions. The workpieces are clamped during the engraving process by a piston and cam arrangement, which provides the desired clamping force yet can be disengaged to facilitate movement of the shuttle by the engraver.