What to Spend Coins On
You should not waste your coins on the 5 Seconds. It is far better to spend them on the Multiplier, Switcher and the Extra Gem you can get at the start.
With the gem, you don't know which one you will get, but the more hands you play, the better chance of getting a high score.
The switcher is great to activate just when there are lots of gems coming to get big points.