A coin dispensing apparatus comprised of a plurality of magazines for storing coin rolls, a lifting conveyor having a plurality of hods which are driven by the lifting conveyor and interact with an outlet for each magazine to receive coin rolls therefrom. An optional transporting conveyor is also provided. The transport conveyor has a plurality of hods which are driven by the transport conveyor and which interact with the hods of the lifting conveyor for transfer of coin rolls from the lifting conveyor to the transport conveyor. A dispensing outlet is provided which cooperates with the hods of the lifting conveyor or the transport conveyor to receive coin rolls transported thereto.