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Message:: [QUOTE="imrich, post: 1288880, member: 22331"]If Only You Knew!! I've followed this thread as I would the comics in my newspaper, laughing hysterically at the biased facetious statements posted as fact. My thoughts definitely have an objective bias based on experiences, closely aligned to yours, while appreciating the positions of others. My biases are based on the fact that because of past experiences with financial institutions, I generally financially transact strictly with cash, which has caused consternation, and many problems. However, for many normal transactions, cash isn't an acceptable means of monetary exchange. An institutional transfer is required, and if you think that the $10,000 paperwork stipulation was burdensome, talk to an executive bank officer about current reporting requirements for "structuring" and "money laundering", imposed, as stipulated by new federal regulations. A female associate wanted to purchase a 6 figure retirement home when the federal government offered a grant to first time buyers. Although she had a 401K balance well in excess of her anticipated purchase price, she could not qualify for a loan. I offered to intercede in acquiring an acceptable property, and supply a mortgage. I found a potential home, arranged for a viewing in spite of her inability to "properly" finance, and negotiated a timely earnest agreement in spite of the realtor requirement that she be "approved" prior to the "Earnest" submission. I presented cash purchase funds, and required that the agent and a notary acknowledge/count the purchase funds to meet their "approval" requirements. Our offer was accepted for a prompt settlement prior to the grant expiration date. Since the property settlement, and "disbursals" were to be transacted by a "closer", the settlement funds were required to be an institutional draft. I deposited the cash settlement funds in a bank with which I had a 30+ year relationship, expecting to shortly acquire an institutional draft for the funds. The property was expeditiously acquired with the mandated funds. Shortly after the property closing, I received a call from a female bank employee who spent an extended period of time questioning me about my cash bank transactions. She wanted to know why I often request cash withdrawals less than $5000, make similar cash deposits, and where did I acquire the large cash deposit. I respectfully answered her questions, after which I was told that I was to be reported for "structuring" and "money laundering", as mandated by the new health care legislation. I asked what amounts of cash transacting would initiate reporting, and she said it was confidentially at institutional discretion, but generally any transacting that was "frequent". In my case, averaging once every other week, as I have accounts with multiple banks. I personally find change to be an irritant as I don't normally wear a belt, and excessive change causes my pants to drop when I jog about during daily activities. The change also flies from my pockets, and gets mixed with my keys, etc.. The change also rolls or drops when being removed from my pocket.  I stopped accepting dollars after mistakenly paying same as quarters on multiple occasions. The bills in my clip with license, etc. don't cause similar problems. I find that it really irritates others when I eventually pay for a tank of gasoline with the change I've accumulated. Having been involved in the chemistry, application equipment design, and testing of proprietary plastic applicated currency, I believe the savings argument to be a "red herring". If one properly investigates, I think it will be determined that others have currently plasticized their frequently handled flexible currency, and realized appreciable savings/longevity. Just my observations/experiences/biases, which I trust aren't too offensive. :thumb:[/QUOTE]

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