Method and system for receiving an item during a precious stone and metal appraisal

• US 8,429,021 B2
• Filed: 09/26/2011
• Issued: 04/23/2013
• Est. Priority Date: 09/14/2007
• Status: Expired due to Fees

• Current Assignee: Ward Kraft, Inc. (W/K Holding Co., Inc.)
• Original Assignee: Ward Kraft, Inc. (W/K Holding Co., Inc.)
• Inventors: Kraft, Roger E., Russell, William R., Wells, Rachel E., Crum, Jesse D.
• Primary Examiner(s): ZIMMERMAN, MATTHEW E
• Application Number:
  US13/245,427
• Publication Number:
  US 20120016725A1
• Time in Patent Office: 575 Days
• Field of Search: 705/26.1, 705/27.1
• US Class Current: 705/26.1
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0208 Trade or exchange of goods or services in exchange for incentives or rewards
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 30/0282 Rating or review of business operators or products

Abstract

A method for appraising at a retail location an item having one of a precious stone, a semi-precious stone, a precious metal, or a semi-precious metal includes the step of providing a variety of food products at the retail location. Then, by a transaction point computer at the retail location, the item to be appraised is received, along with the consumer'"'"'s selection of a food product. The item'"'"'s composition is determined using an evaluating device, and an exchange value is associated with the item using data obtained by the evaluating device and market data obtained over a network. The exchange value of the item is relayed to the consumer after the food product selected by the consumer has been delivered.

Claims

1. A method for appraising an item at a retail location, the method comprising the steps of:

(a) providing a variety of food products at the retail location;

(b) by a transaction point computer at the retail location;

(i) physically receiving the item to be appraised from a consumer, the item having at least one constituent selected from the group consisting of a precious stone, a semi-precious stone, a precious metal, and a semi-precious metal;

(ii) in response to physically receiving the item to be appraised from the consumer, automatically asking the consumer via an output device to select for purchase a food product;

(iii) receiving the selection of the food product for consumption by the consumer at the retail location;

(iv) delivering the selected food product to the consumer;

(v) determining a composition of the item using an evaluating device;

(vi) associating an exchange value with the item using data obtained by the evaluating device and market data obtained over a network; and

(vii) relaying the exchange value of the item to the consumer;

wherein the delivery of the food product occurs prior to the relaying of the exchange value.

2. The method of claim 1, wherein the retail location comprises a kiosk that encompasses the transaction point computer.

3. The method of claim 2, further comprising the step of exchanging the item at the kiosk in return for a payment;

and

wherein the payment is dependent on the exchange value of the item.

4. The method of claim 3, wherein the payment is in a form selected from the group consisting of a debit card, a gift card, and cash.

5. The method of claim 4, wherein:

(a) the kiosk is placed within a shopping center having at least a first store and a second store; and

(b) the first store provides an incentive to the consumer for relinquishing his item in return for a gift card from the first store.

6. The method of claim 5, wherein the incentive includes an offer by the first store to absorb a processing fee associated with the kiosk.

7. The method of claim 6, wherein the second store provides a competing incentive to entice the consumer to relinquish his item in return for a gift card from the second store.

8. The method of claim 1, wherein the evaluating device uses at least one evaluating technique selected from the group consisting of frequency testing, thermal conductivity testing, electrical conductivity testing, spectroscopy, and infrared reflectance.

9. The method of claim 8, wherein the evaluating technique is selected based on an input by the consumer.

10. The method of claim 1, wherein the evaluating device comprises an x-ray fluorescence tester having a source and a detector.

11. The method of claim 1, wherein the market data obtained over the network is specific to a predetermined geographical location.

12. The method of claim 2, further comprising the step of allowing the consumer to trade his item with another item having a comparable exchange value.

13. The method of claim 12, further comprising the step of having a jeweler remotely validate the exchange value of the item.

14. The method of claim 4, wherein:

the payment is a gift card associated with a first store; and

the consumer is allowed to exchange the gift card with a gift card associated with a second store.

15. A system for increasing traffic in a shopping center, the system comprising:

a transaction point computer at a retail location configured to;

appraise an item physically received from a consumer, the item having at least one constituent selected from the group consisting of a precious stone, a semi-precious stone, a precious metal, and a semi-precious metal;

wherein appraising the item includes;

(a) determining a composition of the item using an evaluating device; and

(b) associating an exchange value with the item using data obtained by the evaluating device and market data obtained over a network;

in response to physically receiving the item to be appraised from the consumer, automatically ask the consumer via an output device to select for purchase a food product;

receive a selection of the food product for consumption by the consumer at the retail location;

deliver the selected food product to the consumer;

relay the exchange value of the item to the consumer; and

exchange the item for a something of value;

wherein the transaction point computer is further configured to deliver the food product prior to relaying the exchange value.

16. The system of claim 15, wherein the something of value is at least one of:

an item with an associated exchange value, a gift card, a debit card, and cash.

17. The system of claim 16, wherein the system further comprises a store within a shopping center.

18. The system of claim 17, further comprising a means for a two-way video conference;

and wherein the means for the two-way video conference is utilized to validate the exchange value of the item.

19. A method for appraising an item at a retail location, the method comprising the steps of:

(a) providing a plurality of consumer goods at the retail location;

(b) by a transaction point computer at the retail location;

(i) physically receiving the item to be appraised from a consumer, the item having at least one constituent selected from the group consisting of a precious stone, a semi-precious stone, a precious metal, and a semi-precious metal;

(ii) in response to physically receiving the item to be appraised from the consumer, automatically asking the consumer via an output device to select for purchase a consumer good;

(iii) receiving a selection by the consumer of the consumer good;

(iv) delivering the selected consumer good to the consumer;

(v) determining a composition of the item using an evaluating device;

(vi) associating an exchange value with the item using data obtained by the evaluating device and market data obtained over a network;

(vii) relaying the exchange value of the item to the consumer; and

(c) exchanging the item in return for the exchange value;

wherein the delivery of the consumer good occurs prior to the relaying of the exchange value.