Inquiry · July 16 What is the coin that is not a coin?
PublishedThe Question
We watched a woman buy a week's provisions. She gave no silver, no gold, no paper. She touched a small flat card to a box, the box chirped, and she walked out with her arms full. No coin changed hands, and the merchant looked satisfied. Where did the money GO? Did any exist at all?
Graf's First Cut
The Assignment
Stand by the registers at a market — the Whole Foods at Harbor East, or a Royal Farms. Watch twenty purchases. Count how many use metal coin, how many paper, how many the tapped card or the glowing slate. Ask one shopkeeper where the money goes when the card is tapped — and note whether he himself knows.
- Harbor East market
- A Royal Farms
- A bank branch on Pratt Street
What They Saw
We watched twenty purchases at the market in Harbor East. Of the twenty, two used paper notes, none used metal coin, and the rest touched a card or a glowing slate to a box that chirped its approval. Pan tried to follow the silver and found there was none to follow. Seven Rings asked the shopkeeper, plainly, where the money goes when the card sings. He thought a moment and said he did not rightly know — "the bank sorts it" — that by morning a number in his ledger is simply larger, and he has never in his life held the coin that made it so. Desert Star noted that not one soul in the line found any of this strange but us.
Graf's Breakdown

















