we'll for 65 bucks, not a bad deal, but ALOT of work ahead of you.. not sure if you'l be able to revive the Stainless STeel trim around the mirror as it looks bretty rusty and I'm sure pitted, but maybe look at getting them chromed and they can fill alot of pits with an acid copper process... might cost more ,but it's the only way to save them and make them shine...
as far as the rack.. once the coin mech is removed, you should be able to freely pull the handles to actuate the shelves, but by the looks of it, you have some serious rust, so that will have to be address first either by blasting it with some heavy rust remover, or by taking it all apart and redoing each peice..
as far as the mech,, looks rusty too, but maybe look at having it restored.. a member here (collecture) can take care of that for ya..
welcome to the stoner club... !