A coin validation mechanism for evaluating coins and the like inserted therein and for validating acceptable coins includes a coin chute defining a coin path and a sensor for evaluating the type of material of which the object in the coin chute is made of. The sensor for evaluating includes a coil sensor positioned adjacent the coin path and a non-resonant electrical circuit for operation of the coil sensor. The coin validation mechanism also includes a light source for directing light across the coin path and a light sensor for sensing light directed across the coin path. An electronic unit is provided for evaluating an electromagnetic pertubation caused by an object moving past the coil sensor and for determining the amount of light blocked by the object in the coin path by comparing the amount of light sensed by the light sensor with the object in the coin with the amount of light sensed by the light sensor in the absence of an object in the coin path. The electronic unit further compares the amount of light blocked by the object in the coin path and the electromagnetic pertubation with known values for valid coins to evaluate whether the object in the coin path is a valid coin or not.