A dispenser of coins and/or tokens, comprising: a storage chamber for storing coins and/or tokens, having an inclined wall; a rotatable disc mounted and arranged on the inclined wall so as to have an operating surface facing towards the storage chamber and activatable in rotation about the relative axis, and having, on the operating surface, a series of radial through-slots that are angularly spaced, coin drawing means, at the radial through-slots of the rotatable disc, configured and arranged, for drawing and moving single coins and/or tokens along a circular pathway of movement, when the rotatable disc is activated in rotation; a deflecting member, arranged internally of the storage chamber so as to be above a sector of the operating surface of the rotatable disc and so as to be arranged transversally to the circular pathway of movement of the coins and/or tokens so as to deflect the coins/tokens radially towards an outside of the rotatable disc; an elastically-loaded ejecting member, arranged externally of the rotatable disc and in proximity of the deflecting member and configured such as to receive the coins/tokens deflected by the deflecting member and to push and direct the coins/tokens towards an outlet slot, characterised in that the coin drawing means comprise a series of paddles arranged and conformed so as to each have a first portion situated below the rotatable disc and hinged so as to be freely rotatable about a relative hinge axis and a second portion inserted in a corresponding radial through-slot of the rotatable disc, the second portion being conformed so as to have a pushing wall for pushing the coins/tokens, and in that it comprises guide means (4, 41, 42), arranged below the rotatable disc, configured and conformed so that when the rotatable disc is activated in rotation, to keep the second portion of the paddles raised with respect to the hinge axis of the first portion of the paddles so that the pushing wall of the second portion remains above the operating surface of the rotatable disc up to a position in proximity of the deflecting member and also configured and conformed so as to enable the paddles, once having moved past said position, to fall by force of gravity and rotate with respect to the hinge axis and so that the second portion of the paddles lowers through the radial through-slot of the rotatable disc and the relative pushing wall lowers with respect to the operating surface so as to be able to transit below the deflecting member. a storage chamber for storing coins and/or tokens, having an inclined wall; a rotatable disc mounted and arranged on the inclined wall so as to have an operating surface facing towards the storage chamber and activatable in rotation about the relative axis, and having, on the operating surface, a series of radial through-slots that are angularly spaced, coin drawing means, at the radial through-slots of the rotatable disc, configured and arranged, for drawing and moving single coins and/or tokens along a circular pathway of movement, when the rotatable disc is activated in rotation; a deflecting member, arranged internally of the storage chamber so as to be above a sector of the operating surface of the rotatable disc and so as to be arranged transversally to the circular pathway of movement of the coins and/or tokens so as to deflect the coins/tokens radially towards an outside of the rotatable disc; an elastically-loaded ejecting member, arranged externally of the rotatable disc and in proximity of the deflecting member and configured such as to receive the coins/tokens deflected by the deflecting member and to push and direct the coins/tokens towards an outlet slot, characterised in that the coin drawing means comprise a series of paddles arranged and conformed so as to each have a first portion situated below the rotatable disc and hinged so as to be freely rotatable about a relative hinge axis and a second portion inserted in a corresponding radial through-slot of the rotatable disc, the second portion being conformed so as to have a pushing wall for pushing the coins/tokens, and in that it comprises guide means (4, 41, 42), arranged below the rotatable disc, configured and conformed so that when the rotatable disc is activated in rotation, to keep the second portion of the paddles raised with respect to the hinge axis of the first portion of the paddles so that the pushing wall of the second portion remains above the operating surface of the rotatable disc up to a position in proximity of the deflecting member and also configured and conformed so as to enable the paddles, once having moved past said position, to fall by force of gravity and rotate with respect to the hinge axis and so that the second portion of the paddles lowers through the radial through-slot of the rotatable disc and the relative pushing wall lowers with respect to the operating surface so as to be able to transit below the deflecting member.