Apparatus for the elevation of coins

• US 4,191,472 A
• Filed: 10/17/1977
• Issued: 03/04/1980
• Est. Priority Date: 10/17/1977
• Status: Expired due to Term

• Current Assignee: Derek Mason
• Original Assignee: Derek Mason
• Inventors: Mason, Derek
• Primary Examiner(s): Corbin, John K.
• Assistant Examiner(s): Punter, Wm. H.
• Application Number:
  US05/842,777
• Time in Patent Office: 869 Days
• Field of Search: 350/30, 356/168, 356/243, 356/256, 35/50, 35/28.3
• US Class Current: 356/243.4
• CPC Class Codes: B42F 5/00 Sheets and objects temporarily attached together; Means therefor; Albums bookbinding aspects of albums B42D1/08; advertising or display aspects G09

Abstract

A method and apparatus for evaluating coins on an objective basis. A support structure displays facsimile coins representative of the obverse and reverse sides of a given class of coins. The facsimile coins within the obverse and reverse groups are further divided into sets. Each set contains facsimile coins representative of a particular type of coin defect or imperfection. The facsimile coins within a set are arranged according to increasing or decreasing extents to which the coin defect is exhibited. Each of the facsimile coins has assigned to it a number representative of the relative value of the facsimile coin in regard to that particular coin defect. The obverse and reverse sides of a test coin are compared with the facsimile coins within each set. The numeric values of the facsimile coins which exhibit the coin defects to the same extent as the test coin are noted and summed to arrive at a total numeric value for the coin. The monetary value of the test coin is then determined by a table which correlates the total numeric value of the test coin with its monetary value.

Claims

1. A method for determining the relative numismatic quality of a test coin of a given mint mark and date comprising the steps of:

forming a plurality of facsimile coin sets, each set comprising a plurality of facsimile coins, the facsimile coins in each set exhibiting only one given coin defect to varying quantitative extents while being substantially defect-free in all other respects;

arranging the facsimile coins in each set in relatively close proximity to each other;

assigning to each facsimile coin in each set a value representative to the extent to which such coin exhibits the defect represented by the corresponding set;

comparing the test coin with the facsimile coins in each set;

determining the facsimile coin in each set which exhibits the corresponding defect to an extent which closest resembles such defect on the test coin; and

summing the values assigned to the facsimile coins determined to closest resemble the test coin to thereby establish an overall value for the test coin;

whereby the established overall value represents the relative numismatic quality of the test coin as determined by the extent to which said defects are present on the test coin.

2. A method according to claim 1 wherein the step of forming the facsimile coins comprises the steps of forming a first group of facsimile coins for an obverse side of the test coin, and a second group of facsimile coins for a reverse side of the test coin.

3. A method according to claim 2 including the step of providing a support for the facsimile coins, and securing the facsimile coins to the support.

4. A method according to claim 3 wherein the step of assigning comprises the step of applying the value in the form of indicias to the support in the immediate vicinity of the corresponding facsimile coin.

5. A method according to claim 4 wherein the step of applying the indicias comprises the step of imprinting on the support a number for each facsimile coin.

6. A method according to claim 1 including the steps of providing a table assigning to each possible overall value a monetary value, and determining the monetary value of the test coin by first locating on the table the overall value established for the test coin and thereafter locating on the table the corresponding monetary value.

7. A method according to claim 1 wherein the step of forming the facsimile coin sets comprises the step of forming at least four facsimile coin sets exhibiting, respectively, wear defects, bag mark deflects, strike defects, and luster defects.

8. A method according to claim 7 wherein the step of forming the facsimile coin set exhibiting wear defects comprises the step of forming a greater number of facsimile coins for such set than for the other sets.

9. A method for establishing the numismatic value of a test coin having a given mint mark and date, the method comprising the steps of:

forming a plurality of obverse facsimile coins for an obverse side of said coins and dividing the obverse facsimile coins in a first group of a plurality of facsimile coin sets, the coins in each set of the first group exhibiting only one given coin defect to varying degrees, the facsimile coins in one of the sets exhibiting the coin defect caused by wear;

forming a plurality of reverse facsimile coins for a reverse side of said coins and dividing the reverse facsimile coins in a second group of a plurality of facsimile coin sets, the coins in each set of the second group exhibiting only one given coin defect to varying degrees;

providing a support sheet for the facsimile coins;

arranging the facsimile coins on the sheet with the facsimile coins of each group and of each set in close proximity to each other;

securing the facsimile coins to the sheet;

applying to the sheet in proximity to each facsimile coin a number which is representative of the extent to which a coin defect exhibited by such facsimile coin affects the numismatic value of the said coins;

comparing the obverse and the reverse sides of the test coin with the corresponding coins;

determining the facsimile coin in each set of each group which closest resembles the extent to which coin defects are present on the test coin;

summing the numbers of each determined facsimile coin to generate a numeric total which has a direct relationship to the numismatic value of the test coin as it is affected by the coin defects present on the test coin; and

establishing from the numeric total the monetary value of the test coin.

10. A method according to claim 9 including the step of forming more facsimile coins in the set exhibiting wear defects than in the other sets.

11. A method according to claim 9 wherein each set has a facsimile coin which is substantially defect free, including the step of assigning to such facsimile coin in the wear defect sets a number greater than the number assigned to the defect free facsimile coins in the other sets.

12. A method according to claim 9 wherein the step of forming the facsimile coins includes the step of forming at least some of the facsimile coins of a material other than the material of the test coin.

13. A method according to claim 12 including the step of forming the facsimile coins of at least one of the sets of the same material as the material of the test coin.

14. Apparatus for aiding in the evaluation of a test coin of a given class and having a given mint mark and date, the apparatus comprising:

a support sheet;

a multiplicity of facsimile coins of said class, the facsimile coins being divided into facsimile coin sets, each set comprising a plurality of facsimile coins, the facsimile coins in each set exhibiting only one particular coin defect to varying degrees;

means securing the facsimile coin to the sheet;

a symbol applied to the sheet in the proximity of each facsimile coin which is representative of the extent to which such facsimile coin exhibits a coin defect;

whereby the test coin can be evaluated on the basis to which coin defects are present thereon by locating the facsimile coins on the sheet which closest resemble the extent to which the coin defects are present on the test coin, and summing the symbols to determine from the resulting symbol total the relative value of the test coin.

15. Apparatus according to claim 14 wherein the facsimile coins of one of the set represent the coin defect resulting from the normal use of the coin.

16. Apparatus according to claim 15 wherein the last mentioned set has a number of facsimile coins which is greater than the number of facsimile coins in any of the other sets.

17. Apparatus according to claim 14 wherein at least four coin sets are secured to the sheet.

18. Apparatus according to claim 17 wherein the four coin sets represent coin defects caused by wear, coin defects caused by blemishes in the luster of the coins, coin defects caused by storing the coins in bags, and coin defects caused by imperfections in the minting of the coins.

19. Apparatus according to claim 14 wherein each facsimile coin represents one of the obverse and one of the reverse sides of the given coin.

20. Apparatus according to claim 19 wherein there are a like number of facsimile coins representing the obverse side of the given coin and the reverse side of the given coin.

21. Apparatus according to claim 20 wherein the facsimile coins for the obverse sides and for the reverse side of the given coin are arranged in like sets having like numbers of facsimile coins.

22. Apparatus according to claim 14 wherein the facsimile coins of each set are arranged adjacent one another in the decreasing order in which the facsimile coins exhibit the coin defect.

23. Apparatus according to claim 14 wherein at least some of the facsimile coins are made of a material which differs from the material of which said coin is made.

24. Apparatus according to claim 23 wherein at least some of facsimile coins are made of the same material of which the said coin is made.

25. Apparatus according to claim 14 wherein the symbol comprises a number, wherein the facsimile coin within each set exhibiting the coin defect to the least extent is assigned the highest number in the set and the facsimile coin exhibiting the coin defect in the set to the greatest extent is assigned the lowest number in the set.

26. Apparatus according to claim 25 wherein the highest number assigned to the facsimile coin in at least one of the sets is different from the highest number assigned to the facsimile coins in the other sets.

27. Apparatus for aiding in establishing the numismatic value of a test coin having a given mint mark and date, and belonging to a class of coins, the apparatus comprising:

a substantially flat support sheet;

a first group of obverse facsimile coins depicting an obverse side of said class of coins;

a second group of reverse facsimile coins depicting a reverse side of said class of coins;

the facsimile coins in each group being divided into a plurality of facsimile coin sets, each set having a plurality of facsimile coins exhibiting a given coin defect only to varying degrees while being substantially free of all other coin defects, the facsimile coins in one of the sets exhibiting a coin defect resulting from the use of coins;

means securing the facsimile coins to the sheet with the facsimile coins of each group and of each set being in relatively close proximity to each other;

a number applied to the sheet in close proximity to each facsimile coin, the numbers being related to the extent to which the facsimile coins exhibit the coin defect present in the corresponding facsimile coin set, the highest number in the set representing coin defects resulting from the use of coins being higher than the highest numbers in the other sets; and

a table correlating possible number totals, arrived by summing a number assigned to a facsimile coin in each set, with a monetary value established on the basis to which a test coin exhibits coin defects;

whereby the monetary value of the test coin can be established by comparing the test coin with the facsimile coins on the sheet, locating the facsimile coin in each set which closest resembles the extent to which the corresponding coin defect is present on the test coin, summing the corresponding numbers to a number total for the test coin, and locating the monetary value assigned on the table to said number total.

28. Apparatus according to claim 27 including hinge means for folding the sheet about at least one axis for storage of the sheet during non-use.