To provide an improved constitution having an inexpensive, low-power, and compact drive mechanism incorporated therein for dispensing coins.

This coin (or bill) dispensing apparatus includes a plurality of cash storage parts, a common actuator, and a clutch for each storage part for selectively transmitting a driving force to dispense coins. The clutch includes a drive member driven by the actuator, a driven member capable of moving to dispense coins from the cash storage parts, a connecting member for transmitting the driving force from the drive member to the driven member depending on whether the connecting member is in an engaged or disengaged condition, and an electromagnet for moving the connecting member from one condition to another.