In this study, the transverse and the torsional vibration analyses of a precision dynamic drive system with the magnetic coupling are accomplished. The force of the magnetic coupling is regarded as an equivalent transverse stiffness, which has a nonlinearity as a function of the gap and the eccentricity between a driver and a follower. Such an equivalent stiffness is calculated by and determined by the physical law and the calculated equivalent stiffness is modelled as the truss element. The form of the torque function transmitted through the magnetic coupling is a sinusoidal and such an equivalent angular stiffness, which represents the torque between a driver and a follower, is modelled as a nonlinear spring. The main spindle connected to a follower is assumed to a rigid body. And then finally we have the nonlinear partial differential equation with respect to the angular displacements. Through the procedure mentioned above, we accomplish the results of the torsional vibration analysis in a spindle system with the magnetic coupling.