For convenience, let's assume that the coin spins at 2 seconds per revolution. The coin begins in a Heads up position. After 0.5 a second, the coin is on its edge. The coin then takes another second to pass through Tails and again be on its edge. The coin then takes another 0.5 a second to reach its initial state of Heads up.
So it sounds to me like the coin spent 0.5 a second in "Heads", then 1 second in "Tails", then 0.5 a second in "Heads" before starting all over again.
If I borrow the numbering analogy from the article, it sounds like if we examine the coin in 0.5 second increments we get H T T H H T T H H T T H H, etc. which invalidates the article's claim.
Furthermore, the article claims a 51-49 split between sides. Even if we accept its reasoning (i.e. H T H T instead of H T T H H T T H) To get that specific result, (if my math is right) the coin would have to flip around 25 times on average (i.e H T H T H T H T H T H T H T H T H T H T H T H T 0.5*H), which is a specific number not mentioned in the linked article.
All of that to say that I have no intention of refuting the paper behind the article, nor do I think they are wrong, but just that the logic presented by the article (and not the paper which I didn't read!) sounds too simplistic to be correct to me.