Anything like this would work well with an IPAC 2. https://www.amazon.com/Coin-Acceptor-Programmable-coin-types/dp/B01EAI1KAQ/ref=sr_1_5?ie=UTF8&qid=1508800034&sr=8-5&keywords=coin+acceptor
For arcade games, just program the coin acceptor as the coin in the arcade machine, (instead of using select or some other key on a keyboard).
I made a homemade coin acceptor with a few wires and some metal sheet, I don't recommend it but it worked just wiring it up to a button.
here is a good video on how to set up a generic coin acceptor with retropie
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