I'm about to finish my first ever build. I'll post pics of the finished cabinet once the artwork is installed.
I bought one of those brand new arcade coin door with dual coin mechanisms

And decided to mod it, so I could use the coin reject buttons as free coin buttons but only when a key switch was 'switched' on.
I wanted an LED to signal when the free play was turned on (Green) and when it was off (Red)



So I came up with this circuit:



It uses cheap parts:
-5vDC DPDT omron relay (about $2)
-PNP transistor 2N2907
-common cathode Red/Green LED
-4.7K resistor
-10K resistor
-1N34 diode
-Key Switch ($3)

The 2n2907 PNP transistor can be replaced with most PNP transistors
the red/green led can be replaced by one green and one red leds (but you have to make two holes on the coin door)
The diode doesn't need to be a germanium diode, it can be replaced with most usual diodes: 1N916, 1N4148 etc
The circuit uses a 5 volt source than can be obtained from the computer's power supply. The 5 volts are adequate to activate the relay and light the red/green led
When the key is in the off position, the red led is on and the relay is deactivated, so the 'B' switches are not connected in parallel with the normal coin switches. When the key switch is turned on, the green light is on as well as the relay and the B switches are now connected in parallel with the normal coin switches.
I carefully added microswitches behind the coin reject push buttons, so it would remain functional but activate the free coin at the end of the push


Mounted the circuit in the back of the coin mechanism.


It works flawlessly and I'm quite happy with it.
I wanted to share the circuit and instructions so others can use it, as I've learned so much from this forum and the book and at last I'm giving back my 2 cents.