Precious metals transaction systems and methods
US10482514B1 · kind B1 · utility
Inventors
Key dates
| Filing date | May 17, 2017 |
| Grant date | Nov 19, 2019 |
| Priority date | — |
| Expiry date | Jun 27, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0609
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods directed to the purchase of articles formed of precious metals are disclosed. Precious metal content is analyzed using an x-ray fluorescence (“XRF”) analysis instrument to determine alloy content, in combination with an ultrasound or electrical conductivity instrument to confirm uniformity of cross-sectional content. The present method thus advances the art of precious metals transactions by precisely analyzing and determining precious metal content and purity, and combining said data with real-time pricing and a digital record of the transaction including the identity of the seller. An automated system is disclosed for fully automating the purchasing of article of precious metals.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.