Interesting explanation Conder, to be honest I hadn't thought it through this way but this makes a lot of sense. Seemingly this trick would also work in vacuum based on this reasoning.
The rate of rotation of the flipping coins must be the consistent variable here, which is directly related to gravity. The release of one end of a coin initially gripped at both ends would initiate a rotation rate determined by gravity and some dimension(s) of the coin. Maybe later I'll sit down later to work out the analytical expression.