Buying off CL and the buyer wants cash

[MossRoad]

As others have mentioned, our police department also offers an area in the parking lot to do transactions. Heck, they say if it's raining, to come on into the lobby. If it's a legit sale, neither party should object to that.

 

[dfkrug]

...but even when I called the bank branch it was drawn from they said the only way to verify it was real was to deposit it. They couldn't even verify to me that the check number was issued to him if I gave them his name.

I have never heard that before. I accept cashiers checks during banking hours so I can call the bank and verify the check. It has always worked and the banks or CUs are always cooperative. Sundays, cash only. I do have one bogus BofA check copy that was sent directly to my CU. I called the bank after it was rejected and all they would say was that it was not a real account. The "buyer" was out of the area and got nothing.

 

[caver]

Meet at the bank. Do the transaction inside- cash, cashiers check etc. It’s not a big deal.

The one that's been the farthest away was talking about doing that. I was glad he wasn't weirded out by a bank transfer. a guy bought my four wheeler last year and was surprised when I took out a counterfeit pen and checked the 100 bills. I told him businesses around here will check bills as low as 10$. There have been some counterfeit bills in the area off and on for several years now. I found too those pens aren't always reliable.

 

[fruitcakesa]

When I sold my snowplow, the buyer showed up at my place with a personal check with his company name on it. It was only for $500
He was from a nearby town and appeared to be a straight shooter. I took the check with his address on it. He took the plow. No problem at all.
When I sold my tractor, the buyer came with bank banded $100 bills. He also was from a nearby town. I did not think to pen the bills but they seem to have been ok. Again no problems.
Working with small town people, at least around these parts, is pretty safe since most folks either know each other or someone close to them.

 

[4570Man]

I’ve taken 2 cashiers checks for a sizable amount. Both pieces were insured so I was getting my money either way so I wasn’t worried.

 

[shootemup604]

Did a $44,000 deal last year, all 20's. Buyer runs a cash business (bar) and actually gets charged a service fee by the bank for processing his cash deposits, so he saved there. Brought me the money in a shoebox.

 

[ovrszd]

That's a LOT of counting!!!

 

[Jstpssng]

The one that's been the farthest away was talking about doing that. I was glad he wasn't weirded out by a bank transfer. a guy bought my four wheeler last year and was surprised when I took out a counterfeit pen and checked the 100 bills. I told him businesses around here will check bills as low as 10$. There have been some counterfeit bills in the area off and on for several years now. I found too those pens aren't always reliable.

Those pens show that the local newspaper is legal tender. I lost all faith in them after seeing that.
The guy who bought my backhoe asked up front if I would take a check, as it was Sunday so he couldn't get cash. I agreed, but looked him up before he arrived and found that he was a straight shooter.
Had he waited until he got there to ask I would have declined.

 

[caver]

Here's my counterfeit pen story: I wanted about 400 in cash and the local bank asked how I wanted it? 5-20's and the rest 100's is fine. Crisp new bills too. I go about a block away to fill truck up and for some reason decided to just pay cash. Gas prices were high then so prepay was required I hand her a $100 bill. As I'm heading back to my truck the clerk hollers at me. It had failed the pen test. I go back inside and say I just came from the bank with that money. She swipes another 100$ it fails. I then say here try this $20 and it fails. I think your pen is junk. She grabs another pen and the bill passes.

 

[Industrial Toys]

I can see it now, on the news. Dope deal gone bad in Cop Parking Lot.

It always amazes me, with our devalued currency, how much paper money you need. I'm not good at counting that plastic money we have and last thing I sold, I was making little piles of a hundred out of 20s and then the wind came along.