The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 13, 2012
Filed:
Oct. 26, 2011
Applicant:
Omar Besim Hakim, Austin, TX (US);
Inventor:
Omar Besim Hakim, Austin, TX (US);
Assignee:
Gold Innovations, LLC, Austin, TX (US);
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01); G07B 17/00 (2006.01); G07F 19/00 (2006.01);
U.S. Cl.
CPC ...
Abstract
Methods and apparatus for managing collateral based transactions are disclosed. In one embodiment, one or more processors perform defining collateral for a financial transaction, assessing a valuation of the collateral based upon a difference between a material value and a legal tender value of the legal tender precious metal coins, and determining terms of the financial transaction based on the valuation. In some embodiments, the collateral includes one or more legal tender precious metal coins.