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digital code lock - open to bidding

The circuit illustrated below is used as an electronic letter box. When letter is kept in this box then a LED glows which indicates that letter is inside the [url removed, login to view] circuit uses a popular timer I.C which is 555. I.C 555 is connected as comparator with pin 6 connected with positive supply, the output goes high-1 when the trigger pin 2 is at lower than 1/3 level of the supply voltage. Conversely the output goes low-0 , when it is above 1/3 level. So small change in the voltage of pin 2 is enough to change the output of pin 3 from 1 to 0 and 0 to 1. The output has only two states high and low and can not remain in any intermediate stage. It is power by 9V battery for portable use. The circuit is economic in power consumption. Pin 4,6&8 is connected to the positive supply and pin 1 is grounded.

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