Kevin M Scruggs

US Patent:

20120095875, Apr 19, 2012

Filed:

Jun 16, 2011

Appl. No.:

13/162268

Inventors:

Louis T. Guthrie - Humble TX, US
Kevin Scruggs - Tomball TX, US

Assignee:

KING SOL TECHNOLOGIES, INC. - Spring TX

International Classification:

G06Q 30/00
G06Q 40/00

US Classification:

705 2661, 705 41

Abstract:

A secure method and reverse vending machine to facilitate the formation of a contract to purchase an article comprising a precious material from a user comprising providing a kiosk for public access, receiving an article from a user on a first member, determining a property of the article, communicating a preliminary offer to the user, receiving authorization from the user to retain the article within the kiosk, collecting and inspecting the article, communicating an offer to purchase to the user, receiving the user's acceptance of the offer to purchase and transferring funds to the user. An embodiment of the kiosk may comprise at least one of a scale, a camera, a storage member releasably dockable with the kiosk, a telephone and/or Internet data connection, and a dispensing device for use in dispensing at least one of enclosures, debit cards, vouchers, receipts, cash and user instructions.