Coin mechanism with magnetic locking system

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

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G07F 502

Patent

active

059541814

ABSTRACT:
A coin mechanism is provided with a magnetic system for preventing rotation of a coin mechanism intended for use with a magnetic coin when a non-magnetic coin or token is deposited into the mechanism, and for preventing rotation of a coin mechanism intended for use with a non-magnetic coin when a magnetic coin or token is deposited into the mechanism. A magnet is lodged in the arm of a rocker which is biased away from the coin recess in the coin conveyor. The attractive force of the magnet on a magnetic coin or token inserted into the coin recess overcomes the force biasing the rocker arm, causing the rocker arm to move toward the coin or token. In a coin mechanism intended to accept a magnetic coin this causes a latch on the rocker arm to retract from a rotating member, allowing the rotating member to rotate and thus allowing the mechanism to operate; in a coin mechanism intended to accept a non-magnetic coin this causes a latch on the rocker arm to engage the rotating member, preventing the rotating member from rotating and thus preventing the mechanism from operating.

REFERENCES:
patent: 1180713 (1916-04-01), Grover et al.
patent: 1838907 (1931-12-01), DaGrenier
patent: 2091232 (1937-08-01), Vogel et al.
patent: 4715223 (1987-12-01), Kaiser et al.
patent: 5509521 (1996-04-01), Bolen
patent: 5609235 (1997-03-01), Schwarzli

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