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US 5,135,434 AGranted
Interest paying bank
AssigneeFirst National Piggy Bank, Ltd.
InventorAndrew B. Mallon
Life of this patent
Estimating the term…
Abstract
A bank having a coin slot and a repository for deposited coins is provided. The bank can detect coins deposited. A coin is returned upon deposit of a predetermined amount of money to return interest such as a nickel in interests for depositing twenty-five cents.
Claims2
A savings bank comprising:
- (a) a housing defining an interior space for containing a plurality of coins, the housing having an opening leading into the interior space;
- (b) coin detecting and signaling means connected to the housing and associated with the opening for detecting a coin that has been deposited into the opening and generating a signal;
- and
- (c) coin storage and return means in the interior space of the housing connected to the detecting and signaling means for storing a plurality of coins of a predetermined denomination in the interior of the housing and returning one of the coins of predetermined denominations to the exterior of the housing upon receipt of a signal from the coin detecting and signaling means, the coin detecting and signaling means having a slidably mounted component configured in such a manner so that as a coin is inserted into the opening in the housing, the coin causes the component to move from a first resting position to a second detecting position, the movement of the component to the second position signaling the coin storage and return means to return one of the coins of a predetermined denomination to the exterior of the housing the coin storage and return means having a tube for storing the plurality of coins of a predetermined denomination, a skid mounted directly below the tube, the skid having a thickness approximately the same as one of the coins of a predetermined denomination and an aperture therein large enough to accommodate one of the coins of a predetermined denomination, the aperture being aligned with the tube when the skid is in a first position so that when the coins are stacked within the tube, they form a vertical array with the bottommost coin being within the aperture of the skid, means for moving the skid to a second position wherein the aperture of the skid aligns with a void so that the coin located within the aperture falls through the void in a downward direction, and a ramp located at an angle below the void, the ramp configured in such a manner so as to direct a coin that falls from the void through a second opening in the housing to the exterior.
1 more element
Dependencies are inferred from the claim text.