The first time I saw the skill now known as cobra coin catching was in the 1980s, when famed comedy juggler Michael Davis performed it in his television special. However, the trick is more than 100 years old. It was included in the book Juggling Secrets by Will Goldston, which was published in 1911.
Here is an illustration of the trick from Juggling Secrets. Oddly enough, the bottom part of the drawing labels the coins incorrectly. The coins are actually caught in the C, B, A order.
To clarify the trick, juggler Eric Berg created the following video.