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That's a lotta scratch

Discussion in 'General Discussion' started by downndirty, Apr 24, 2023.

  1. downndirty

    downndirty
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    I sold a motorcycle, and the dude paid me in cash. I'm kind of surprised, because stuff like Paypal/Venmo is so much more prevalent these days. I'm in VA, and my bank is in SC. So I'm sitting here with $7500 in cash, wondering what to do with it.

    Focus: What's the largest amount of cash you've ever had to deal with?

    Alt-focus: What can I do with $7500 in cash that beats using a card/check/electronic payment?
     
  2. Juice

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    Focus: Probably the cash haul after my wedding. Like $30k or something. Just walked it into a bank, signed whatever SAR form was required and that was it.

    Alt. Focus: Not much I’d guess. You lose all your fraud protections, payment disputes and points accumulation when you use cash instead of a CC. Just buy whatever you want with your CC and then pay it off.
     
  3. gamecocks

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    Alt focus: Drugs
     
  4. jdoogie

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    [​IMG]
     
  5. Fiveslide

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    The Kentucky Derby is coming up. You need to take it down to Ponies and Pints, where you will most likely turn it into $2500, or less. But it'll be fun.
     
  6. Puffman

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    Cash is king. Cash will get you items at an Estate or Garage Sale for significant discounts. Cash tips will get you remembered by your server for the next time you are waited on. The most I have had is probably $5,000 again after selling a motorcycle.
     
  7. Kubla Kahn

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    30k? Is your wife Sicilian? I’ve never been to a wedding where people hand cash to the couple ever. Just The Sopranos.

    Focus- I think personally it was 5k when I bought my MR2 a couple years ago. I don’t trust these cash apps. Heard too many Facebook scam stories of people disputing or canceling the payment once they have the item in their hands. I have used PayPal friends and family to pay for some guns, against the wishes of the company, on GunBroker a few times.

    I also helped my friend buy an ATV that he got from a dealer and paid in cash. We went to the closest Kroger that had his bank and he withdrew it from the counter. When he handed the withdrawal slip over to the bank teller said out loud “DO YOU WANT THE WHOLE TWELVE THOUSAND IN CASH?!?” In front of the whole line of dicey people in line. We were young and didn’t think of just getting a cashier’s check he could cancel if we were robbed.

    I will say I did feel really weird depositing a couple of distribution checks from my grandpa’s inheritance. In the 50k range by far the largest amount of money I’d ever dealt with let alone in a single transaction. Just handing it over to the teller, they don’t bat an eye, and then ask if you want to have an investment consultation felt semi surreal.

    The only thing I pay in cash for anymore are lotto tickets at gas stations that don’t take credit or debit for them (you can tell I didn’t go to the consultation).
     
  8. Juice

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    Yes.
     
  9. Aetius

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    I had a pretty good night of poker in Vegas during college, and walked back to my hotel with $20 in my right pocket, and ~$1100 in my left shoe.
     
  10. Fiveslide

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    My personal money, I think the most was about $9k after I sold a boat. I was the bagman for friend when he bought his Cessna in cash. I didn't ask how much was in it. Probably $30-$50k, from what I know about the used Cessna market back in 2015.
     
  11. wexton

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    Put it in an envelope and hide it somewhere in your house. You never know when you will need cash.
     
  12. GTE

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    Closed an account and was expecting a cashiers check. Teller came back with this.
     

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  13. Fiveslide

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    Can we play guess the amount? $43,200?
     
  14. AFHokie

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    Maybe not the entire $7500, but I agree with keeping a few/several thousand on hand. Just remember where you put it and other than 1 or 2 very trusted individuals, don't tell anyone else about it.

    You never know when you need a few hundred or so to take care of something, or as also stated, it gets you a hell of a discount compared to a check or CC. Case in point, when I had PRK surgery, the doctor knocked almost half off the cost of the surgery and this is a very reputable ophthalmologist in Reston, VA.

    This isn't directed at you or anyone particular, but never pull the needed amount out from the entire stack in front of whomever you're about to pay. It's amazing how many supposedly "smart" people will do that.
     
  15. Nettdata

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    Most I've had in cash was $45kUS in order to buy a race car and parts. It was fun getting that shit over the border. Lots of paperwork involved, some cops standing guard looking freaked out, but all above board.
     
  16. wexton

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    I wouldn't have a problem have that much cash sitting around. I wouldn't have 50k sitting around but i would be comfortable having 10k sitting around. You just never know when you will need cash.
     
  17. Aetius

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    Are you sure this wasn't using "cash" colloquially in the sense of full payment up front, instead of going through insurance? I can't imagine a doctor would value literal cash at a 100% premium over a credit card/check/bank transfer.
     
  18. AFHokie

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    PRK isn't covered by insurance, so no it was not used colloquially. It was cash as in greenbacks I handed over to her office manager.

    Originally I planned to use my CC so I could get the airline miles until he told me how much the discount was for paying with cash.
     
  19. Popped Cherries

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    I used to work at a casino in the cage. Part of my job was verifying the money counts at the end of the gaming day. Highest amount I saw was during Superbowl weekend. There was almost 7 million dollars in the cage one night. It's cool to see a few drawers of 100's, bundled into 10k stacks, bundled into 50k stacks.
     
  20. dixiebandit69

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    FOCUS: $30,000.00
    I cashed an investment account that my dad left me, and used it as a down payment on some land.
    The seller gave me a price break for a $30K cash payment, every penny of which I'm sure they reported to the IRS.

    The bank (it was a little branch in a Walmart, not much more than a room like you'd see for a cell phone store) not only had $30K in cash, but they didn't bat an eye handing it over.
    I was shocked; I remember GTE telling a horror story about a bank refusing to give him his own money*.
    They also counted it all out in front of everyone, which made me feel really nervous; I walked out to my car with my hand on my knife. Yes, I would have stabbed someone over it.

    ALT-FOCUS: Drugs, man. Totally drugs. When I was younger, whenever I'd get a decent amount of cash money (like more than a few hundred), regardless of whatever financial duties I had, I would always budget some of it for pills/ coke. Can't buy that stuff with a credit card, after all.
    Plus, I would always feel guilty about taking money out of my bank account for it; if I got paid cash for something, I would be like "it's okay, this is a different kind of money."

    *The worst part about that story was that some cock-suckers were DEFENDING THE BANK!