The importance of coffee waste utilization is based on the fact that it contains a large amount of biologically valuable components. Preparation of espresso coffee produces substantial quantities of polyphenolic acids that have a significant antioxidant activity. In this work, the contents of polyphenols and antioxidant activity of extracts obtained from spent espresso coffee were analyzed using different solvent systems. The 70% solution of methanol, and 70% solution of ethanol and distilled water were used as solvents. The total amounts of polyphenols were determined by the Folin-Ciocalteu method, while the antioxidant activities were determined by DPPH inhibition (2,2-diphenyl-1-picrylhydrazyl) and FRAP (Ferric Reducing Antioxidant Power). Both methods confirmed that the order of antioxidant activity of obtained dried extracts is as follows: water extract < methanol extract < ethanol extract, which was in accordance with their polyphenols content. Mild prooxidant activity was observed in the concentration of 200 μg/ml while investigating the DPPH inhibition. Prooxidant activity is a characteristic of some polypenolic acids that is considered to be one of the mechanisms of anticancer activity. The inhibition of DPPH radical, expressed by IC50 values, was compared with the results of the commercial antioxidants such are ascorbic acid and BHT (butylated hydroxytoluene). Comparing the IC50 values of ascorbic acid and BHT with the IC50 values of tested extracts it can be concluded that waste coffee extracts could be a good source of natural antioxidants.