Coin mechanism with magnetic locking system

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 5954181
SERIAL NO

08949098

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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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.

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First Claim

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Patent Owner(s)

Patent OwnerAddress
BEAVER MACHINE CORPORATION1341 KERRISDALE BLVD NEWMARKET ONTARIO L3Y 7V1

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Schwarzli, Josef W 3927 Vandorf Road, Stouffville, Ontario, CA 46 275

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