money
Let an agent explain and identify physical money and nonphysical monetary records by issuer or record keeper, denomination or unit, security features and acceptance status, and distinguish monetary value from the objects and payment instruments used to hold or access it.
Bundle → Layer → Finding → Questions Filled
4 bundles · 8 layers · 8 findings · 16 questions
Identity Which note or coin.
Issue
Issuer, denomination, series.
Issue
Issuer and series.
- Which issuer, denomination and series is it? definition
- When was it issued? provenance
Status
Legal tender or withdrawn.
Status
Current status.
- Is it still legal tender? boundary
- Where can withdrawn notes be exchanged? action
Authenticity Real or fake.
Security features
Checks.
Security features
Features to check.
- Which security features should be checked? action
- What does the issuer publish about them? provenance
Suspected counterfeit
What to do.
Response
What to do with a suspect note.
- What should someone do with a suspected counterfeit? action
- Who should be informed? action
Use Paying and storing.
Acceptance
Where it can be used.
Acceptance
Acceptance rules.
- Must shops accept cash here? boundary
- Are there limits on cash payments? boundary
Stored-value cards
Transit and e-money cards.
Card rules
Rules for stored-value cards.
- How is the balance protected and refunded? definition
- Does it expire? boundary
Collecting Numismatics.
Collector value
Grade and rarity.
Valuation
Grade and value.
- What grade and catalogue value does it have? measurement
- Who graded it? provenance
Legality
Export and replicas.
Legality
Rules on trade and replicas.
- Are there export or ownership restrictions? boundary
- Is it a replica, and is that marked? boundary
Classifiers Filled
- Family
- Thing Registry
- Category
- Physical world and living systems
- Entry kind
- thing
- Plane
- PHY
- Domain
- PHY.OBJ
- Other names and narrower kinds
- Indian ½ Rupee counterstamped (Victoria), 50 Piasters- 2015 - south sudan, hanayome noren, Suica, Pasmo, Yang Cheng Tong, bribe money, Chilean cent, spade money, dirty money, allowance, per diem
What it is Filled
An object or record accepted as payment, including physical forms such as banknotes, coins and monetary tokens and nonphysical forms such as transferable bank balances and electronic money.
Why it exists Filled
Let an agent explain and identify physical money and nonphysical monetary records by issuer or record keeper, denomination or unit, security features and acceptance status, and distinguish monetary value from the objects and payment instruments used to hold or access it.
Distinguishing features Filled
- Money can take the form of a physical object or a nonphysical record accepted as payment.
- Issuers and record keepers vary with the form of money.
- Legal tender status can be withdrawn and does not apply to every form of money.
- Stored-value cards provide access to monetary value recorded electronically.
What robots and AI may and may not do Filled
Must not
- Make or pass counterfeit notes or coins.
- Take or move cash without the owner's authority.
- Help use cash for bribery or to hide the proceeds of crime.
- Deface or destroy currency where the law forbids it.
Only with a human decision
- Accepting or refusing withdrawn notes in exchange.
May
- Count, sort and check banknotes and coins with authorized equipment.
- Report suspected counterfeits to the authority.
Moral aspects Filled
- Cash remains vital for people without bank accounts or digital access.
- Theft and loss of cash are usually unrecoverable.
Who is affected
- Holders of cash
- People without bank accounts
- Retailers
Owners Filled
Steward
The holder answers for their money, while issuers and account or ledger custodians answer for the currency and monetary records they administer.
Links to other meta-models Filled
parent
- Q1643989 - registry parent class
- Q1659862 - registry parent class
- Q7598359 - registry parent class
related
- money - the economic concept
- central bank - issuer
- payment - cash payments
- numismatic item - collecting
What else AI and robots need to interact with it Filled
Identity and identifiers required Filled
- Vercy registry: vr.tr.money
- Wikidata: Q1368 (https://www.wikidata.org/wiki/Q1368)
- serial number: issuer-specific on banknotes
- catalogue number: for example Krause numbers for collectors
Direct properties required Filled
- banknote size: about 120-160 x 60-80 mm
- coin diameter: 15-40 mm
Recognition required Filled
- Issuer name, denomination and year
- Security features on notes
- Counterstamped or withdrawn coins and notes are collectors items
- Printed banknotes with portraits, holograms and watermarks; minted metal coins; plastic stored-value cards such as transit cards.
Capabilities and actions required Filled
- pay with it
- check its authenticity
- exchange it at banks or bureaux
- collect it, as numismatic items
Hazards and failure modes required Filled
- Counterfeits
- Withdrawn notes no longer accepted
- Loss or theft
- Money used in bribery
Standards and interfaces required Filled
- Central bank laws and legal tender statutes
- Counterfeiting law
- Cash limits and reporting rules
Context of use required Filled
- Paying in person, storing small amounts and collecting.
- banknotes
- coins
- tokens
- stored-value cards such as Suica or Pasmo
- commemorative and historical issues
Sources Filled
- Wikidata item Q1368: money - identity and sense of the item
- Wikipedia: Money - general description of the item
Open questions
- Should notes, coins and stored-value cards be separate entries?
- How should withdrawn issues be recorded?
- The registry entry has merged aliases such as bribe money; should they be split off?
Machine files
Provenance
thing registry research (pass 2) · unreviewed
Built from: models/things/publications/thing-q1368/spec.json