This is a vintage 1959 Remco Coney Island Penny Machine. Here's the 1959 commercial advertisement of the toy with Patty Duke:
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Enjoy..:) This machine is now available for sale on eBay at:
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UPDATE:
This sold on Ebay... when the person received it, it was apparently destroyed, and the bag of trinket was ripped open. I had it shipped back, only to realize that the box had been taken and all of the original paperwork. all that remained were the broken bag and the destroyed toy with the back and bottom ripped off of it...This amazing piece you see here, is now destroyed beyond repair... :(
