diff --git a/CHANGES.txt b/CHANGES.txt
index 5ff7ec7..dc5d58f 100644
--- a/CHANGES.txt
+++ b/CHANGES.txt
@@ -7,6 +7,11 @@ Next release
 - Allow the use of 'missing=None' for Number.  See
   https://github.com/Pylons/colander/pull/59 .
 
+- Create a ``colander.Money`` type that is a Decimal type with
+  two-decimal-point precision rounded-up.
+
+- Allow ``quant`` and ``rounding`` args to ``colander.Decimal`` constructor.
+
 0.9.8 (2012-04-27)
 ------------------
 
diff --git a/colander/__init__.py b/colander/__init__.py
index a37b273..904c6bd 100644
--- a/colander/__init__.py
+++ b/colander/__init__.py
@@ -1000,8 +1000,42 @@ class Float(Number):
     num = float
 
 class Decimal(Number):
-    """ A type representing a decimal floating point.  Deserialization
-    returns an instance of the Python ``decimal.Decimal`` type.
+    """
+    A type representing a decimal floating point.  Deserialization returns an
+    instance of the Python ``decimal.Decimal`` type.
+
+    If the :attr:`colander.null` value is passed to the serialize
+    method of this class, the :attr:`colander.null` value will be
+    returned.
+
+    The Decimal constructor takes two optional arguments, ``quant`` and
+    ``rounding``.  If supplied, ``quant`` should be a string.  If supplied,
+    ``rounding`` should be one of the Python ``decimal`` module rounding
+    options (e.g. ``decimal.ROUND_UP``, ``decimal.ROUND_DOWN``, etc).  The
+    serialized and deserialized result will be quantized and rounded via
+    ``result.quantize(decimal.Decimal(quant), rounding)``.  ``rounding`` is
+    ignored if ``quant`` is not supplied.
+
+    The subnodes of the :class:`colander.SchemaNode` that wraps
+    this type are ignored.
+    """
+    def __init__(self, quant=None, rounding=None):
+        if quant is None:
+            self.quant = None
+        else:
+            self.quant = decimal.Decimal(quant)
+        self.rounding = rounding
+        
+    def num(self, val):
+        result = decimal.Decimal(str(val))
+        if self.quant is not None:
+            result = result.quantize(self.quant, self.rounding)
+        return result
+
+class Money(Decimal):
+    """ A type representing a money value with two digit precision.
+    Deserialization returns an instance of the Python ``decimal.Decimal``
+    type (quantized to two decimal places, rounded up).
 
     If the :attr:`colander.null` value is passed to the serialize
     method of this class, the :attr:`colander.null` value will be
@@ -1010,8 +1044,9 @@ class Decimal(Number):
     The subnodes of the :class:`colander.SchemaNode` that wraps
     this type are ignored.
     """
-    def num(self, val):
-        return decimal.Decimal(str(val))
+    def __init__(self):
+        self.quant = decimal.Decimal('.01')
+        self.rounding = decimal.ROUND_UP
 
 class Boolean(SchemaType):
     """ A type representing a boolean object.
diff --git a/colander/tests/test_colander.py b/colander/tests/test_colander.py
index 229c97f..72b8b9f 100644
--- a/colander/tests/test_colander.py
+++ b/colander/tests/test_colander.py
@@ -1249,9 +1249,9 @@ class TestFloat(unittest.TestCase):
         self.assertEqual(result, '1.0')
 
 class TestDecimal(unittest.TestCase):
-    def _makeOne(self):
+    def _makeOne(self, quant=None, rounding=None):
         from colander import Decimal
-        return Decimal()
+        return Decimal(quant, rounding)
 
     def test_serialize_null(self):
         import colander
@@ -1266,8 +1266,22 @@ class TestDecimal(unittest.TestCase):
         val = ''
         node = DummySchemaNode(None)
         typ = self._makeOne()
-        result = typ.deserialize(node, val)
-        self.assertEqual(result, colander.null)
+        self.assertRaises(colander.Invalid, typ.serialize, node, val)
+
+    def test_serialize_quantize_no_rounding(self):
+        val = '.000001'
+        node = DummySchemaNode(None)
+        typ = self._makeOne('.01')
+        result = typ.serialize(node, val)
+        self.assertEqual(result, '0.00')
+
+    def test_serialize_quantize_with_rounding_up(self):
+        import decimal
+        val = '.000001'
+        node = DummySchemaNode(None)
+        typ = self._makeOne('.01', decimal.ROUND_UP)
+        result = typ.serialize(node, val)
+        self.assertEqual(result, '0.01')
 
     def test_deserialize_fails(self):
         val = 'P'
@@ -1284,6 +1298,14 @@ class TestDecimal(unittest.TestCase):
         result = typ.deserialize(node, val)
         self.assertEqual(result, decimal.Decimal('1.0'))
 
+    def test_deserialize_with_quantize(self):
+        import decimal
+        val = '1.00000001'
+        node = DummySchemaNode(None)
+        typ = self._makeOne('.01', decimal.ROUND_UP)
+        result = typ.deserialize(node, val)
+        self.assertEqual(result, decimal.Decimal('1.01'))
+
     def test_serialize_fails(self):
         val = 'P'
         node = DummySchemaNode(None)
@@ -1298,6 +1320,26 @@ class TestDecimal(unittest.TestCase):
         result = typ.serialize(node, val)
         self.assertEqual(result, '1.0')
 
+class TestMoney(unittest.TestCase):
+    def _makeOne(self):
+        from colander import Money
+        return Money()
+
+    def test_serialize_rounds_up(self):
+        val = '1.000001'
+        node = DummySchemaNode(None)
+        typ = self._makeOne()
+        result = typ.serialize(node, val)
+        self.assertEqual(result, '1.01')
+
+    def test_deserialize_rounds_up(self):
+        import decimal
+        val = '1.00000001'
+        node = DummySchemaNode(None)
+        typ = self._makeOne()
+        result = typ.deserialize(node, val)
+        self.assertEqual(result, decimal.Decimal('1.01'))
+
 class TestBoolean(unittest.TestCase):
     def _makeOne(self):
         from colander import Boolean