Coin mechanism with magnetic coin discriminator

Check-actuated control mechanisms – Including means to test validity of check – By testing material composition

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G07F 502

Patent

active

056092350

ABSTRACT:
A coin mechanism for a bulk vendor or the like is provided with a magnetic discriminating device, for selectively accepting coins having a magnetic component and rejecting coins or slugs which have no magnetic component. A magnet is lodged in the coin conveyor flush with the seating surface for a coin, and a resilient urging member such as a spring projects above the seating surface. The attractive force of the magnet on a coin having a magnetic component is greater than the repelling force of the spring, so a coin having a magnetic component is retained in the coin carrier while a coin or slug having no magnetic component is unseated by the spring and ejected into a coin rejection chute.

REFERENCES:
patent: 1838907 (1931-12-01), DuGrenier
patent: 1869616 (1932-08-01), Radtke
patent: 1982274 (1934-11-01), Vogel
patent: 2066820 (1937-01-01), Brown
patent: 2091232 (1937-08-01), Vogel et al.
patent: 3168947 (1965-02-01), Greenwald
patent: 3317016 (1967-05-01), Turillon
patent: 5383545 (1995-01-01), Schwarzli
patent: 5509521 (1996-04-01), Bolen

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