The rotational dynamics of a disc-shaped permanent magnet rotor levitated over a high temperature superconductor was studied experimentally and theoretically. The interaction between the rotor magnet and the superconductor was modelled by assuming the magnet to be a magnetic dipole and the superconductor a diamagnet. In the magnetomechanical analysis of the superconductor part, the frozen image concept was combined with the diamagnetic image, and the damping in the system was neglected. The interaction potential of the system is the combination of magnetic and gravitational potentials. From the dynamical analysis the equations of motion of the permanent magnet were stated as a function of lateral, vertical, tilt, precision and rotating angles. The vibration behaviour and correlation of the vibration of one direction with that of another were determined with a numerical calculation based on the Runge-Kutta method. The various vibrational frequencies identified were vertical, radial, tilt, precession and rotation. The tests performed for experimental verifications were translational and rotational. The permanent magnet was 'spun up' under vacuum conditions to analyse the dynamics of the free 'spin down' behaviour of the permanent magnet.