Method and apparatus for currency discrimination

Abstract

Abstract of the Disclosure

A U.S. currency evaluation device for receiving a stack of U.S. currency bills and rapidly evaluating all the bills in the stack. According to one embodiment the device comprises an input receptacle positioned to receive a stack of bills to be evaluated and at least one output receptacle positioned to receive bills after evaluation. A transport mechanism transports the bills, one at a time, from the input receptacle to the at least one output receptacle. The device also comprises a denomination discriminating unit adapted to denominate bills of a plurality of U.S. denominations. According to some embodiments, the device is adapted to deliver any bill that has been denominated to one and only one of the at least one output receptacle. According to some embodiments, the device has a single output receptacle.

Description

Detailed Description of the InventionCROSS REFERENCE TO RELATED APPLICATION[0001] This application is a continuing application of pending prior application Serial No. 09 / 453,200, filed December 2, 1999 entitled "Method and Apparatus for Currency Discrimination and Counting." Serial No. 09 / 453,200 is a continuation of pending Serial No. 08 / 841,203, filed April 29, 1997 entitled "Method And Apparatus For Currency Discrimination And Counting," now issued as U.S. Pat. No. 6,028,951. Application Serial No. 08 / 841,203 is a continuation of 08 / 339,337, filed on November 14, 1994, and issued as U.S. Pat. No. 5,692,067, which in turn is a continuation of 08 / 127,334, filed on September 27, 1993, and issued as U.S. Pat. No. 5,467,405, which in turn is a continuation of application Serial No. 07 / 885,648, filed May 19, 1992, and issued as Patent No. 5,295,196, which in turn is a continuation-in-part of application Serial No. 07 / 475,111, filed February 5, 1990, and now abandoned. All of the abov...

AI Technical Summary

Benefits of technology

[0012] It is another object of this invention to provide an improved method and apparatus of the above kind which is capable of efficiently discriminating among and counting bills of several currency denominations at a high speed and w

Problems solved by technology

A major obstacle implementing automated currency discrimination systems is obtaining an optimum compromise between the criteria used to adequately define the characteristic pattern for a particular currency denomination, the time required to analyze test data and compare it to predefined parameters in order to identify the currency bill under scrutiny, and the rate at which successive currency bills may be mechanically fed through and scanned.

Even with the use of microprocessors for processing the test data resulting from the scanning of a bill, a finite amount of time is required for acquiring samples and for the process of comparing the test data to stored parameters to identify the denomination of the bill.

Most of the optical scanning systems available today utilize complex algorithms for obtaining a large number of reflectance data samples as a currency bill is scanned by an optical scanhead and for subsequently comparing the data to corresponding stored parameters to identify the bill denomination.

The use of the large number of data samples slows do

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