Patent ID: 6196416
Filing Date: 2001-03-06
Classification: G07F

Abstract:
A device for dispensing articles of value comprising:a dispensing mechanism for dispensing said articles;a closed magazine for holding a plurality of said articles, said magazine including,(i) a gate moveable from a closed position to an open position, said gate in said open position permitting an article to be moved by the dispensing mechanism from the magazine for dispensing thereof, said gate when said magazine is initially loaded with articles disposed in the closed position,(ii) a one-cycle gate operating mechanism including a moveable actuator moveable from a first position to a second position to secure the magazine to the dispensing mechanism and coupled to the gate for moving the gate from the initial closed position to the open position for dispensing of articles by the dispensing mechanism and back to the first position to release the magazine from the dispensing mechanism and close the gate; and(iii) means for locking the gate in the closed position after one cycle of the actuator from said first to said second and back to said first position.