Patent ID: 7066807

Claim:
A receiving and dispensing device for coins comprising: a receiving device for the entry of coins; a selecting transporting device which can separate the received coins from the receiving device and transport the separated coins along a selecting section, the selecting section includes a transporting passageway including an endless member for transporting coins of various widths to be released from the transporting passageway; a plurality of coin hoppers operatively positioned, each to receive a coin of a different denomination from the transporting passageway and capable of dispensing the received coins; the plurality of coin hoppers are positioned to extend in a horizontal direction with the plurality of coin hoppers divided vertically into a plurality of upper coin hoppers and a plurality of lower coin hoppers that are aligned into a compact configuration to provide coin storage at two levels; and guiding passageways guide to coins from the selecting section to the respective coin hoppers, the selecting section includes an upper selecting section and a lower selecting section, the upper selecting section is connected with coin hoppers vertically positioned in a first row and the lower selecting section is connected with lower coin hoppers positioned vertically below the upper coin hoppers, wherein the endless member translates coins horizontally in a first direction and elevates the coins to translate the coins in a second direction that is in a reverse direction to the first direction.