Gaming device with payouts of multiple forms

• US 5,397,125 A
• Filed: 12/15/1993
• Issued: 03/14/1995
• Est. Priority Date: 12/15/1993
• Status: Expired due to Term

• Current Assignee: IGT (International Game Technology)
• Original Assignee: Anchor COIN Incorporated
• Inventors: Adams, William R.
• Primary Examiner(s): Millin, Vincent
• Assistant Examiner(s): Owens, Kerry
• Application Number:
  US08/168,011
• Time in Patent Office: 454 Days
• Field of Search: 273/138 A, 273/85 CP, 273/143 R, 273/858, 273/139, 364/412, 364/411, 364/410
• US Class Current: 463/20
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3246 involving coins and/or banknotes
• CPC Class Codes: G07F 17/3248 involving non-monetary media of fixed value, e.g. casino chips of fixed value

Abstract

A gaming device is provided which supplies winning players with the opportunity to receive payouts in at least two distinct forms, both of which are inherently valuable. One form of winning payout comprises a national currency, such as U.S. quarters, while another form of payout comprises tokens formed of a precious metal such as silver and/or gold.

Claims

1. A gaming device comprising:

means for receiving a wager in at least one form;

means for randomly displaying a plurality of indicia wherein the odds of said random displaying means displaying at least one plurality of indicia is less than the odds of said random displaying means displaying some other plurality of indicia;

means for comparing said displayed indicia with a preselected plurality of winning combinations of indicia;

means for providing a winning payout if said displayed indicia matches at least one of said preselected winning combinations wherein said payout is in a first form having inherent value if the odds of obtaining said payout are less than a predetermined value and said payout is in a second form having inherent value if the odds of obtaining said payout are greater than said predetermined value, said payouts having a value in society separate and distinct from any value that said prizes may have at the particular gaming establishment at which a player has won one of said payouts.

2. A gaming device according to claim 1 wherein said first form of said payout is identical to a form of a wager received by said wager receiving means.

3. A gaming device according to claim 2 wherein said second form of said payout comprises a token comprising a precious metal.

4. A gaming device according to claim 1 wherein said second form of said payout comprises a token comprising a precious metal.

5. A gaming device according to claim 4 wherein said second form of said payout comprises a token comprising indicia of the precious metal content of said token.

6. A gaming device according to claim 4 wherein said second form of said payout comprises a token comprising indicia of a trade-in value of said token.

7. A gaming device according to claim 4 wherein said second form of said payout comprises a token comprising indicia of the location of said gaming device.

8. A gaming device according to claim 4 wherein said second form of said payout is provided to a player within a protective cover.

9. A gaming device according to claim 1 further comprising at least a third form of winning payout having inherent value which is different from said second form of winning payout.

10. A gaming device according to claim 1 wherein said first form of winning payout comprises a coin of a national currency, said second form of winning payout comprises a token formed substantially of a first precious metal and wherein said gaming device comprises at least a third form of winning payout comprising a token comprising a second precious metal which is different from said first precious metal.

11. A gaming device according to claim 10 wherein said first precious metal is silver and said second precious metal is gold.

12. A gaming device according to claim 1 wherein said first form of winning payout comprises a coin of a national currency, said second form of winning payout comprises a token formed substantially of a first precious metal and wherein at least some tokens of said second form comprise first indicia and other tokens of said second form do not comprise said first indicia.

13. A gaming device according to claim 1 wherein said gaming device is a slot machine.

14. A gaming device comprising:

means for receiving a wager in at least one form;

means for randomly displaying a plurality of indicia wherein the odds of said random displaying means displaying at least one plurality of indicia is less than the odds of said random displaying means displaying some other plurality of indicia;

means for comparing said displayed indicia with a preselected plurality of winning combinations of indicia;

means for providing a winning payout if said displayed indicia matches at least one of said preselected winning combinations wherein said payout is in a first form having inherent value if the odds of obtaining said payout are equal to a first predetermined value and said payout is in a second form having inherent value if the odds of obtaining said payout are equal to a second predetermined value, said payouts having a value in society separate and distinct from any value that said prizes may have at the particular gaming establishment. at which a player has won one of said payouts.

15. A gaming device according to claim 14 wherein said first form of said payout is identical to a form of a wager received by said wager receiving means.

16. A gaming device according to claim 14 further comprising a display of at least one of said forms of winning payout.

17. A gaming device according to claim 16 wherein said gaming device displays precious metal tokens.

18. A gaming device according to claim 17 wherein said displayed precious metal tokens comprise indicia of the precious metal content of the tokens and indicia corresponding to the gaming establishment.