Method and apparatus for currency discrimination and counting
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United States of America Patent
Stats
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May 19, 2009
Grant Date -
Oct 23, 2003
app pub date -
May 8, 2003
filing date -
Feb 5, 1990
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A currency evaluation device for receiving a stack of U.S. currency bills and rapidly evaluating all the bills in the stack comprises an input receptacle adapted to receive a stack of U.S. currency bills of a plurality of denominations to be evaluated. According to one embodiment, a transport mechanism transports the bills, one at a time, from the input receptacle along a transport path at a rate of at least about 800 bills per minute. A denomination discriminating unit which includes a detector positioned along the transport path evaluates the bills. The device comprises a single denominated bill output receptacle positioned to receive bills whose denomination have been determined by the discriminating unit including bills of a plurality of denominations. A separate stacker bin is provided and a diverter positioned along the transport path routes bills whose denomination cannot be determined to the separate stacker bin.
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