Quarters aren't magnetic though, so how would inserting magnets stop it from accepting quarters?
According to the manual for my Happ Ultimech:
" Features ... Metal content check by a magnet used to create eddy currents within a coin passing in front of it which slows down the coin according to the metal content."
Later, from 'Operations':
"The coin then passes by the magnet. If the coin is not magnetic, the magnet will not slow the coin and it's speed when it leaves the rail will carry it pas the accept side of the coin chute into the reject side. If the coin is ferromagnetic, such as a steel slug, it will stick to the magnet. The magnetic properties of a genuine US $.25 coin will slow the coin just enough to allow it to fall off the rail into the accept side of the coin chute."
That's what Happ says, I can't verify it!