The novel electronic metal coin analyzer is disclosed wherein a coin to be analyzed falls through an inductance coil which is coupled to the resonance circuit of an oscillator. As the coil falls through the coil, a dynamic change in inductance is produced in the coil and a resultant dynamic change of operating frequency of the oscillator occurs. Specifically, for each coin, a band or plurality of frequencies will be generated as the coin drops through the coil. These frequency signals are further processed through a plurality of band pass filters, one band pass filter for each different type of coin, and serve to actuate a relay-operated coin deflector only if the signals are originated by a coin for whose acceptance the device is pre-set.
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