Method and apparatus for the automated assay and valuation of precious metal objects

Abstract

A method and apparatus for the metallurgical qualitative analysis (assay) and valuation of precious metals objects such as jewelry or coins. The system integrates a commercially available x-ray florescence (XRF) metals analyzer with associated peripheral devices including a personal computer and keyboard or touchpad computing device, a digitizing scale, a printer, an Internet link for obtaining current precious metals market price quotations, and software for processing the qualitative results with the current market price data and presenting the results to the system operator in real time. The system optionally includes a customer interface including a display screen for presenting the customer with the results of the analysis and valuation, and customer input means for accepting and recording a purchase transaction.

Description

FIELD OF THE INVENTION[0001]The present invention pertains to an integrated “all-in-one” method and apparatus for the metallurgical qualitative analysis (assay) and valuation of precious metals objects such as jewelry or coins. The system combines a commercially available metals analyzer with specialized electronic controls and a novel “artificial intelligence” software to provide a method and apparatus that can be operated rapidly and with consistent results even by an inexperienced user. The invention is particularly useful for the appraisal and valuation of jewelry and other precious metal articles by gold buyers, jewelry stores, pawn shops, and similar users who require a quick, accurate, non-destructive and inexpensive means of performing on-site analysis and appraisal of precious metals in a retail environment.BACKGROUND OF THE INVENTION[0002]There is presently an increasing demand for a means to quickly and accurately assay jewelry, coins and other precious metals in a retail...

AI Technical Summary

Benefits of technology

The invention is a system that can quickly and accurately identify and evaluate precious metals. It records detailed information about each item, including its time and location, and uses that information to calculate the value of the item based on current market conditions. The system works in real-time, displaying the results as each item is scanned. Customers can accept or decline offers for each item, making an informed decision based on the information provided by the system. The invention's software is capable of maintaining a large database of information, providing a more robust and valuable system.

Problems solved by technology

However, each of these methods has drawbacks and problems which render it impractical for accurate appraisal performed at a retail place of business where speed and efficiency are critical for making a “buy / do-not-buy” decision.

Each of these prior art methods has significant disadvantages.

While a determination of specific gravity can be easily performed by measuring the weight of the subject article while suspended in water, this method cannot be used to determine the metallic content of the unknown sample.

The fire assay method, atomic absorption spectrometry and inductively coupled plasma spectrometry are all destructive methods and can therefore not be used on articles for sale.

Choosing the best point on the sample to direct the X-ray beam is difficult because with conventional equipment the X-ray beam is of a relatively large diameter (20 mm or greater).

Therefore small specimens having a complex structure, or specimens made up of a number of different alloys, cannot be reliably assayed with such devices.

Furthermore, conventional fluorescence X-ray spectrometry equipment is generally quite large and expensive, occupying more space and requiring more specialized knowledge than most retail operations can provide.

In general, the analysis of precious metals by such conventional prior art acid and / or x-ray technology requires a vast amount of knowledge and experience not just to obtain the data, but also to accurately interpret the results.

For example, many heavily plated materials (such as gold and silver jewelry) can fool even experienced precious metals buyers as to their true make-up, causing the buyer to offer more than what the specimen is actually worth, in addition to requiring considerable time and operator experience to obtain reliable results.

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