Odd thing happened today?????

JD Seller · Mar 18, 2017

I called a fellow earlier in the week about buying a parts tractor from him. He an I dickered a little over the phone and agreed on a price. I told him I would take the tractor and would be there this morning to pick it up. He lives west of Des Moines so I left fairly early. I got to his place around 10 AM this morning. I looked the tractor over and started to pay him cash for the tractor. He refused cash. What the heck?????? It was only $3500. He really wanted a certified check. Well He should have told me that before I left home. I told him he could take the cash or a check on the farm account. He decided on the check. Nice enough fellow but did not want anything to do with cash.

I sure would not have refused cash to start with. I defiantly would not have taken a check over cash. I never have had that happen before.

John B. · Mar 18, 2017

That seems odd. It is funny that 80% of people today don't deal with cash at all. It's all with credit card or over their cell phone. Not me though. Cash is still king to me.

Greg K · Mar 18, 2017

I suppose I could take it off your hands

rrlund · Mar 18, 2017

I sold the old blue truck this morning and the guy paid me cash. No problem when it comes right down to it,but I was kind of picturing in my mind,cashing the check and putting the money in the bank. I have the cash laying around now. Won't likely deposit it. I won't have to hold back any cash when I cash a cattle check next time,but the money isn't in the bank and that nags at me a little.
Guess I'm just odd that way. Don't like a change in plans.

Maybe the guy you bought from read that book that Pat Boone advertises and doesn't even trust cash anymore. Who knows.

TomH in PA · Mar 18, 2017

There have been plenty of stories of someone taking cash, then being robbed a couple of hours later.

I assume he'd rather take a chance on the check bouncing than take a chance on someone showing up at his house with a gun.

Andy Wickiser · Mar 18, 2017

Nowadays you should really discuss payment method before meeting up. I just bought a backhoe, local area. The seller graciously held it for me because I needed to transfer funds from an online account to my personal checking. When money was good I met to complete the deal, he wanted cash or cashier's check. I'm sorry, I would never carry around thousands of dollars of cash - risky and no paper trail for the buyer. He reluctantly took a check, but held backhoe. Got a call later, he wanted a cashier's check, otherwise would hold backhoe for 3-4 week. I said check is good, just cash it. Unbelievably the check cleared in one day, money gone from my account and I had images of the cashed check. He was good about releasing the backhoe promptly. Unfortunately all of the scammers and fraudsters have things messed up. And, in my opinion, large cash transactions look suspicious (think drug deals and tax evaders).

john in la · Mar 18, 2017

Without a counterfeit bill detector pen to use I would not take large amounts of cash either.

Geo-TH,In · Mar 18, 2017

JD,
I require all my tenants to pay rent with check. It's a paper trail for both of us and the last thing I want is for anyone, especially druggies, to think I have a pocket full of cash.

I know a man who lives in an undesirable side of town. Two people knocked on the door asking if he had seen their dog. As soon as he opened door, they busted in with guns. They kept saying give it to me, give me the money. He gave them all the cash he had and they kept saying give me the money while pointing a gun in his face. He thought he and his family were gonners.

Come to find out his neighbor had just sold his house for cash. The druggies went to the wrong house.

I only do business with checks, no cash.

JD Seller · Mar 18, 2017

$3500 is not a large amount of cash.

JD Seller · Mar 18, 2017

John B. I am with you cash is still king to me too. I could see it being different if it was a large purchase like $50K or some thing but not just $3500.

tom stalker · Mar 18, 2017

Unusual....like you said, not that much money

I always want cash

I always ask for cash first or a bank check when selling

Never had anybody outright refuse cash

AlinArk · Mar 18, 2017

well George i suppose that if them fellas had robbed you and you had nothing but checks you might be tomorrows news......

Vito · Mar 18, 2017

People are getting are getting more warped all the time.

JMHO

Vito

3000OH · Mar 18, 2017

+1 on that.

tomturkey · Mar 18, 2017

All the posts below give me a little more insight to the world around us. Never thought about following up a cash purpose with a stick-up man.!!! Guess I live in a cave. Never thought I would hear of a seller refusing cash. I should get out of the cave more often. I always figured a paper trail was for the buyers protection. Guess it goes both ways. Oh well its a different world some paper trails aren't on paper at all, their up in the cloud. I think I learn something new most every day on this website. gobble

FBH44 · Mar 18, 2017

We sold my brother's truck and the woman gave us hundred's, and the bank called later said come get them, many of them were valid. Many not.

rrlund · Mar 18, 2017

My uncle sold an old van one time. The guy paid him with cash. Wasn't much,$400 if memory serves me right. The guy took the title and never came back after the van. He had no way of knowing what the guy's name was or where he lived. We always theorized that he had one just like it without a title and that was all he wanted. With a check,he would have had the guy's name and address. Apparently he didn't want him to have that.

kcm.MN · Mar 18, 2017

If someone wants to pay cash, wouldn't be that difficult for both parties to swing by a bank and let them check out the bills.

Personally, I think your seller's hesitancy to accept cash was out of hearing about counterfeit bills. And as there are several series of bills of each different denomination in circulation, I can certainly understand how someone might be intimidated and fear accepting cash. But yes, this topic "should" have been hashed out ahead of time between both parties.

john in la · Mar 18, 2017

If $3500 is not a large amount of cash; And you seem to have funds that you could lose this amount because you may get counterfeit bills.
Why did you dicker with him over a few hundred dollars of the sale price.

showcrop · Mar 18, 2017

(quoted from post at 15:22:04 03/18/17) Without a counterfeit bill detector pen to use I would not take large amounts of cash either.

John, I believe that the pens are outdated now. When I see a bill being checked they hold it up to the light. They are looking for a stripe of fine print that goes across the bill near one end. You can't see it on the surface of either side, but it is impregnated into the paper and you can read the bill denomination in it.

kcm.MN · Mar 18, 2017

Look up on YouTube about "How To Spot Counterfeit Money" and you'll get lots of results. Most of them that I watched earlier were very informative; even one made by a grade-school kid. However, there's so much to know about the different anti-counterfeit measures that you have to watch a LOT of videos in order to learn them all. Biggest thing would be to learn about $100's, $50's and $20's, although I also heard recently that $10's are being copied now as they are not normally as suspect to being counterfeit.

caterpillar guy · Mar 18, 2017

Cash works here too. The amount is all perspective if you're used to dealing in thousand dollar increments then it is not much . If you deal in 10 dollar increments then it is a lot of cash.
Yes 3500 is not a real large sume and 50,000 is not much in the scope of things for costs today. Cars cost that much and you used to buy a house for less than that.

JD Seller · Mar 18, 2017

Never said what the asking price was. What does me dickering with him have to do with this conversation???? DO you pay full asking price for everything you buy??? Even if it only costs a few dollars???

As for the counterfeit bill angle. I have never gotten a counterfeit bill so far.

As for $3500 being or not being a lot of money. These days it is NOT a large amount of money. In times gone by that would have been a year's income but now it is not a month's income for most.

tom stalker · Mar 18, 2017

If the seller was paranoid about " something ", he should have told JD about it up front, not after he drove to get to his house

When I sell things, I always say no checks or money orders

Cash only unless selling a car / truck...then I say cash or bank check

JD drove a long distance and the seller should have told JD that he would not accept cash instead of pulling his stunt after JD had arrived

flying belgian · Mar 18, 2017

Years ago I drove truck for Hiniker Cab Co. They always fronted us drivers $500 cash in case we had problem on road. I blew a trailer tire in the more unglamerous part of Chicago. No problem, Tire company on corner of next block. Pay for it with the cash. No way would they accept cash. That much cash must be drug money.

Geo-TH,In · Mar 18, 2017

Well, my friend thought he was going to make the news just because two people thought he had a lot of cash in the house.

No way is anyone going to make that mistake with me. All they will get is plastic and checks. Checks won't do them any good. I have tenants put on the back, for deposit only.

Knock on wood, I've owned this house since 1977 and not the first break in. Not the first problem, Again, knock on wood.

Royse · Mar 18, 2017

I bought a tractor from a local golf course.
Didn't know it was a business when I made the deal.
Less than $1000. I took cash to pay for it to avoid the hassle.

Didn't work out that way. They had to have three people count
the money, then fill out a bunch of forms that had to be signed
by all the people who saw/touched the money, etc.

Groundskeeper told me it would have been much simpler if you
had just written us a personal check. That was all the paper trail
they would have needed.

But, like you, I just assumed everyone would take cash.
I even joke about it with most sellers.
When you say "Would you take" their minds usually think you
are going to ask "a check". When you complete it with "cash"
it usually gives them a good chuckle and they say "of course!"
But not always, obviously.

Had that happen with my computer business when I was new
to it also. Didn't matter the amount. Tax free BTB transactions
required payment in check, credit card, etc. Traceable.

huntingreen2day2 · Mar 19, 2017

100 or3500 That is a lot of money to some folks.

old-9 · Mar 19, 2017

Last month I bought an old truck, asked seller if he would take a bank check, said no. I didn't see a problem, went to my bank and tried to get cash, they have a $2500.00 limit per day for cash. I only had a day before the weather got bad so I couldn't go back several days to get cash. now I have several accounts there and this ticked me off! Finally the head teller told the teller I was dealing with to call (?) at the main bank to Ok it. He did approve it but I had to wait some time to get the cash out of the safe. Waiting for a nice day to show them my "new" truck. Worked out and I carried a little heaver than normal. joe

oldtanker · Mar 19, 2017

WOW, can't believe some people. Arguing over how much is a lot!

To Bill Gates 3500 is pocket change. To Warren Buffit 3500 is pocket change. To a Wal Mart worker 3500 is a fortune! To a small farmer with a heavy debt load it's a fortune. It's all relative to your income level.

Some of us on here have a little better cash flow than others. But even those with less cash flow would drop 100 in a heartbeat of a really good deal for some tools or tractor parts!

3500? Today really isn't much and I base that on what it will buy. Most place 3500 won't buy a decent car or truck. Won't buy a 100 HP field ready tractor. Won't put a roof on your house if you hire it done in most places.

Rick

showcrop · Mar 19, 2017

(quoted from post at 07:36:34 03/19/17) WOW, can't believe some people. Arguing over how much is a lot!

To Bill Gates 3500 is pocket change. To Warren Buffit 3500 is pocket change. To a Wal Mart worker 3500 is a fortune! To a small farmer with a heavy debt load it's a fortune. It's all relative to your income level.

Some of us on here have a little better cash flow than others. But even those with less cash flow would drop 100 in a heartbeat of a really good deal for some tools or tractor parts!

3500? Today really isn't much and I base that on what it will buy. Most place 3500 won't buy a decent car or truck. Won't buy a 100 HP field ready tractor. Won't put a roof on your house if you hire it done in most places.

Rick

Rick, Too much drama!! two guys say not much, one guy says it is. Turning that into an argument is just making something out of nothing.

Rich'sToys · Mar 20, 2017

Belgian, this is a little OT. You said you worked for Hiniker. I assume you would know my brother, Bob. He's the shipping/traffic manager there. Just curious.

K Effective · Mar 20, 2017

I took my son up north last weekend to buy a different motorcycle off Craig'sList. As we pulled off the pavement onto this guy's two track, I started to worry little about my kid having 55 Benjamins in his pocket and hearing banjo music in the background. Turned out the bike was everything he claimed and more, and the owner was a State Trooper who liked privacy. Coooool.

jacksun65 · Mar 20, 2017

I sold my 6040 kubota a year ago for$14500 guy brought cash and two other guys with him. I checked those bills over good turned out ok.

Odd thing happened today?????

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