[davidosborne]

If I sell something “large” to a private party I go with bank to bank wire or cashiers check from MY bank not theirs. They can buy a cashiers check at my bank with their cash. The bank accepts responsibility for the cash and deposits the cashiers check into my account.

[Sooth2222]

If I sell something “large” to a private party I go with bank to bank wire or cashiers check from MY bank not theirs. They can buy a cashiers check at my bank with their cash. The bank accepts responsibility for the cash and deposits the cashiers check into my account.

That's a good idea -- thanks!

I can imagine whoever the ultimate bagholder turns out to be -- banks or merchants -- they won't allow this to continue too long.

BTW, according to the Fed: "There is about $829 billion dollars of U.S. currency in circulation; the majority is held outside the United States."

That makes some sense, it's about $2600 in cash for every person in the US, I have less than $200 in my wallet most of the time. The North Koreans trying to screw us but instead screwing Colombian drug dealers is delicious!

[Screaming_Gerbil]

...If I sell something “large” to a private party I go with bank to bank wire or cashiers check from MY bank not theirs. They can buy a cashiers check at my bank with their cash. The bank accepts responsibility for the cash and deposits the cashiers check into my account.

Thanks for the tip. I had not thought of that.

I do know that even cashiers checks can be forged and your bank will deposit it but then when it is rejected your bank will deduct the money from your account. But if it's from your bank I assume you can certainly check it out pretty fast.