Ferro-magnetic slug rejection system for a coin chute assembly adapted to receive coins in a vertical position
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United States of America Patent
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Nov 16, 1993
Grant Date -
N/A
app pub date -
Sep 1, 1992
filing date -
Sep 1, 1992
priority date (Note) -
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status (Latency Note)
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Abstract
An improved mounting arrangement of a magnet within a coin chute assembly is disclosed which serves as a ferro-magnetic slug rejection system for a coin chute adapted to receive coins in a vertical position. The coin chute includes a coin slide disposed for movement inwardly of the assembly to an operate position. The coin chute has a flange formed with a recessed portion in its inner surface. A magnet is a cover plate which is fitted and secured within the recessed portion of the flange. The magnet raises the slug carried by the coin slide so that inward movement of the slide causes the slug to abut against an abutment surface of the assembly thereby to prevent continued inward movement of the slide to its operate position.
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