Can the horizontal rotation being performed on the discs/coins as shown in the game, be performed with a 2D engine? (Is there some kind of matrix transformation

Can the horizontal rotation being performed on the discs/coins as shown in the game, be performed with a 2D engine? (Is there some kind of matrix transformation that can accomplish it on an image?) Or is it absolutely necessary to have a 3D model of a coin, in order to do that?