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Coin and paper money payout system

  • US 4,190,066 A
  • Filed: 12/27/1977
  • Issued: 02/26/1980
  • Est. Priority Date: 12/27/1977
  • Status: Expired due to Term
First Claim
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1. Currency dispensing apparatus wherein coin-dispensing means is operative to dispense coins in preset numbers from a bulk supply, and bill-dispensing means is operative to dispense bills of predetermined denomination and preset number from a supply source, said dispensing means being operative in dispensing cycles initiated by a dispensing signal and terminated responsive to counting switch means governed by settable value determining switch means operative to determine the number of coins or bills to be dispensed in a given cycle responsive to such signal, characterized in that the value-determining switch means includes settable value contactor means selectively positionable in a field of value contacts wherein coin contacts in one range when engaged by said contactor means enable said coin dispensing means to dispense coins in increasing numbers up to a predetermined arbitrary limit, and bill contacts in another range enable said bill-dispensing means to effect dispensation of bills of predetermined denomination and number dependently upon the positioning of said value contactor in engagement with value contacts in one or the other of said ranges.

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