Importance

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Abstract

An article of paper currency to be validated is scanned magnetically along the front to obtain a set of magnetic sample values and optically along the back to obtain a set of optical sample data values. Position-shifted versions of the magnetic data values are compared with stored sets of magnetic reference values for various denominations to obtain error figures for each denomination and degree of position shifting tested. A first indication of the denomination of the currency is generated on the basis of the least of the error figures so obtained. Position-shifted and amplitude-shifted versions of the optical data values are similarly compared with stored sets of optical reference values for various denominations to obtain error figures for each denomination and combination of position and amplitude shifting tested. A second indication of the denomination of the currency is generated on the basis of the least of the error figures obtained by this latter method and compared with the first indication. If the two indications of denomination correspond and the least error figures obtained by the two methods fall within predetermined limits, a credit signal is generated indicating a genuine bill of the indicated denomination.

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First Claim