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Publication numberUS520013 A
Publication typeGrant
Publication dateMay 15, 1894
Filing dateMay 20, 1893
Publication numberUS 520013 A, US 520013A, US-A-520013, US520013 A, US520013A
InventorsHarry F. Slocum
Export CitationBiBTeX, EndNote, RefMan
External Links: USPTO, USPTO Assignment, Espacenet
US 520013 A
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Description  (OCR text may contain errors)

(No Model.) 2 Sh5ets-Sheet 1.

. H. P. SLOGUM. AUTOMATIC BANK 0R MONEY CHANGER. No. 520,013. Patented May 15, 1894.



(No Model.) 2 Sheets-Sheet 2.-


No. 520,013. Patented May 15,1894.

upgu INVENTOH W/TNESSES: i I {g m 5 v k; BY




SPECIFICATION forming part of Letters Patent No. 520,013, dated May 15, 1894.

Applicaticr filed May 20, 1893- Serial No. 474,916- (No model.)

To 0055 whom it may concern:

I 3e it known that I, HARRY F. SLooUM, a citizen of the United States, residing at New York, 1n the county and State of New York, have lnvented certain new and useful Improvements in Automatic Banks or Money- Changers, of which the following is a specification, reference being bad therein to the accompanying drawings.

My invention relates to an automatic bank or money changing device, and its object is to provide a device whereby a coin or coins of a certain denomination may be delivered automatically upon the deposit in the machine of two or more coins of a certain denomination. I attain this object by the device illustrated in the accompanying drawings in which similar letters of reference indicate similar parts throughout the various views.

My invention is particularly useful in countries having a large number of coins in circulation such as England and the European countries, it being often desirable in such countries to change a number of silver coins for instance into a gold coin or between countries having close communication, coins of one country may be exchanged for those of another. On ocean steamers for instance an automatic money changer would be a great con venience. The profits to the owner of the automatic bank if it is his design to make such profit may be arranged in any suitable proportion of the amount of coin to be deposited to that which is delivered at each operation of the releasing device of the reservoir. It will be seen that this releasing device is certain to operate and deliver the proper coin upon the deposit of the full number of coins, but that upon the deposit of a less number of coins than that for which the machine or bank is arranged it is uncertain whether the releasing will operate.

Figure 1, is a front elevation and partly sectional view on the line 1-1 of Fig. 2 of a device embodying my invention. Fig. 2, is a sectional view on the line 2-2 of Fig. 1, and Fig. 3, is a detail partly sectional view on the line 33 of Fig. 2.

A is a support for my device. The frame or box is in two parts or compartments A containing the reservoir and releasing device, and A containing the receptacle L for the deposited coins and the coin controlled device for actuating the releasing device of the reservoir.

I show my device arranged to release a fiveshilling piece M every time five one-shilling pieces Z are deposited, but of course I do not limit myself to these denominations of-coins or this proportion of the amount delivered to that deposited. A gold coin might be delivered for a certain number of silver ones or two or any other definite number of coins might be delivered, but there must be at least two coins deposited each time.

I proceed first to describe a good releasing device for the reservoir. Leading from the reservoir Fig. 2 is the tube or channel a, which should be adapted to allow the particular coins to be delivered to follow each other one at a time down the same, and its opening into said reservoir may be funnelshaped so that it will collect the coins therefrom. A portion of the frame or box may be cut away over said channel a and a glass or window a inserted, so that it maybe seen that a coin M Fig. 1 is ready to be delivered. In the rear wall a" of the channel a is the opening m for the stop-pin borne on one arm of the leverJ fulcrumed at j. The other or lower arm of said lever J bears the stoppin k projecting through the Opening Z in the rear wall a of channel a. Spring in" normally holds lever J in the position shown in Fig. 2 so that stop pin it prevents the coin in channel a from escaping. Said lower arm of lever J bears also an armature k of an electro-magnet G. v

The operation of this releasing device is as follows: Said electro-magnet C is energized by an electric current, armature 7a is attracted carrying with it the lower arm of lever J against the pull of spring is", stop-pin k is withdrawn releasing the coin resting thereon; stop-pin 70" which is located at the proper distance from stop-pin 7.2 with reference to the size of the coins in channel a passes through opening as into channel a so as to prevent the other coins in channel a from escaping. Of course the stop pins 7c and 7.0 may be so adjusted as to set free each time that said lever J is actuated any desired number of coins. When magnet C is de-energized by the cutting off of the electric current spring k operates to return the lever J to its former position and allow the coins in channel a to fall and again rest on stop-pin I will now proceed to describe the coin controlled device for actuating said releasing device. The part A of said box or frame is provided with five slots or coin channels B, B, B B 13 respectively. Said coin channels are each adapted to receive a coin of a certain denomination in this case a one-shilling piece, and deposit it upon the platform D, as shown in Fig. 2, in which Z is the coin deposited; said platform D and said channels B, B, &c., are so arranged, that when said coin Z is "in the position referred to it will by its contact with said platform and said channel form an electrical contact between them; for this purpose therefore said channels and said platform are made of suitable electric conducting material.

I represents a source of electric energy, an ordinary dry battery being shown, wire 0 leads from said batteryl to said magnet O, wire 0 from magnet O to said platform D from said channels 13,13, B B B wires 1), b, b b 79 lead respectively to the electric conducting surfaces e, e, e a c on disk E (Fig. 3); journaled at the center of this disk E is the flying arm F, also made of electric conducting material and which in turn is connected with said battery I by Wire I; said flying arm F is so constructed that it may be in contact with but one of the surfaces e as shown (Fig. 1). Now if five oneshilling pieces are deposited one in each of said slots B, B, B B B they will fall upon platform 1), an electric circuit will. be established from and back to said battery I as follows;battery wire 0, magnet 0, wire 0, platform D, coin Z, channel B, wire I), contact surface 6 on disk E, flying arm F, wire 2" and battery thereby energizing said magnet C and releasing a coin M from channel a by means of the releasing device above described. The weight of coinsl upon platform D will tip said platform as shown in Fig. 2 allowing said coin Z to drop into receptacle L. Also as said platform tips its balancing arm d which is made of electric conducting material and connected with battery I by wire 61, will come in contact with switch plate 61'' connected with battery I by wire d and complete the circuit in which is themagnet H. Said magnet being then energized will pull its armature g borne on lever g. Pawl g will thus be pulled back from the position in which it is normally held and by means of roller 9" tilted from engagement with ratchet wheel h; operatively connected with said ratchetwheel h is'pinion f journaled at f and bearing said flying arm F. Any

A suitable device may be employed to turn wheel h when pawl g" is released from engagement therewith. A clock spring is a good device for this purpose, and this actuating device for arm F may also include a wheel the momentum of which will carry said arm some distance after the pawl g has again engaged and stopped ratchet wheel h.

It will be understood that if a single coin Z Fig. 1 is placed in slot B the same result will be produced, but not so as to any of theother slots, and that this is so because flying arm F is on contact surface e. If the flying arm were upon surface c then the slot I3 would be the operative slot. If a single coin is placed in any slot other than the operative slot, it will fall upon platform D which by its tilting will energize magnet H and cause said flying arm to move; but magnet C will not be energized and no coin M will be released. The disk E may be provided with other contact surfaces 6 every one of which should be connected wit-h some one of the surfaces 6, e, 6 e e This arrangement will insure flying arm F always having electric connection with some one of channels 13, B, &c.

What I claim, and desire to secure by Letters Patent, is-

1. An automatic bank, consisting of a reservoir for the coins to be delivered, a releasing device for said reservoir adapted to release a certain definite number of coins therefrom upon each actuation of said releasing device and a coin controlled device for actuating said releasing device, having a plurality of slots each adapted to receive a coin of a certain denomination and deposit it; means whereby one of said coins only as it is deposited actuates said releasing device; and means of rendering it uncertain, upon the deposit in the bank each'time of one or more coins which is the proper slot for said actunating coin, substantially as described.

2. In an automatic bank, the combination of a reservoir for the coins to be delivered, a channel leading from such reservoir, a lever provided with stop-pins projecting into said channel and adapted to release a certain number of said coins therefrom upon each actuation of said lever, an electro-magnet, an armature for said magnet attached to one arm of said lever, a spring adapted to hold said lever with its armature arm normally away from said magnet and a battery for energizingsaid magnet and pulling said armature; with a plurality of slots for depositing coins in said bank, and electric contact surfaces and connections whereby upon the deposit in every one of said slots of a coin of the denomination for which it is adapted the circuit between said magnet and said source of electric energy is completed through one of said deposited coins, substantially as described.

3. In an automatic bank, having a reservoir for'the coin to be delivered a releasing device for said reservoir, and means for actuating said releasing device upon the deposit in said bank of one or more coins of a certain denomination, the combination of a tipping platform adapted to receive said coin or coins and tip and deposit the same, an electro magnet, an armature for said magnet attached to a lever arm, said lever also bearing a pawl, a ratchet-wheel in operation with said pawl, means for holding said lever normally so that said pawl is in engagement with said ratchet wheel so as to keep it from turning a battery or other source of electric energy for energizing said magnet and pulling said armature and lever arm so as to disengage said pawl from said ratchet wheel, a flying arm operatively connected with said ratchet wheel, a disk in the path of said flying arm, means for rotating said ratchet wheel and causing said flying arm to traverse said disk upon the disengagement of said pawl from said ratchet wheel, and electric contact surfaces and con- I5 nections whereby upon each tipping of said platform the circuit between said magnet and said source of electric energy is completed, substantially as described.

In testimony whereof I affix my signature, 20 in presence of two witnesses, this 19th day of May, 1893.

HARRY F. SLOOUM. Witnesses:

E. S. Boccs, H. V. V. PHILIP.

Referenced by
Citing PatentFiling datePublication dateApplicantTitle
US7844547 *Aug 21, 2006Nov 30, 2010Carl Raymond AmosUncle gem IV, universal automatic instant money, data and precious metal and stone transfer machine
US20120066097 *Aug 16, 2007Mar 15, 2012Amos Carl RUncle Gem V, Universal Automatic Instant Money, Data and Precious Metal & Stone Transfer Machine
WO2008118182A2 *Aug 16, 2007Oct 2, 2008Carl Raymond AmosUncle gem v, universal automatic instant money, data and precious metal & stone transfer machine
Cooperative ClassificationG07F13/02