Dropped another nickel in and the handle would not pull down. Went through the same procedure and it did the same thing. I know nothing about the mechanics of these.
Might be a easy fix. No idea as to what it might be worth , may be worth more for parts than it would be working , will entertain reasonable offers if you can pick it up. The item "Vintage BALLY 5 Cent Nickel Slot Machine partially works selling as is" is in sale since Wednesday, May 27, 2020. This item is in the category "Collectibles\Casino\Slots\Machines\Antique Coin Slot Machines".The seller is "webspect" and is located in Richmond, Virginia. This item can't be shipped, the buyer must pick up the item.