Activity Lesson 1

I would trade different versions of collectible cards based on what I had in abundance that I could do without in exchange for what I didn’t have to add to my collection.

When I was a kid my brother would steal my Star Wars toys and would barter them back to me through labor. I would have to do his chores for the day and he’d give my toys back. I did NOT think it was a fair exchange because they were my toys to begin with! lol

In primary school we would trade marbles and in later years basketball cards. The hey day of basketball when Jordan was still in the league. Good memories!

I just saw a barter exchange between my kids. They exchanged a pokemon box vs pokemon cards.
This exchange was quite fair, because both got what they wanted.
But sometimes I see that one of the two is getting more out of it due to a better talent of convincing the other.

Any trading card game is based on barter trading. So as a child i had a lot of experience with it. Trading rare cards for more common cards are given. I once traded 2 hours of playstation game for a rare card. it was a big win back then. it definetely was not fair because i got to keep the card. while other person only played for 2 hours.

A barter transaction represents the first means of transaction where by you use what you have to get what you need. and as a child i have used my pen to get chocolate from my friends because they were in urgent need of a pen to write and i want their chocolate.

In my opinion, it will be difficult to measure the price. So it was not a fair exchange and base on the fact that someone having what you need, might not need what you have. Which means it will be time consuming and not flexible way of transacting.

I once traded with my younger sister. I had £0.50 and she had £1and I convinced her to trade my 50 for her 1 as 50 was a bigger number. Long story short. I spent the full £1 on sweets and ended up having to give them all to her once my mum found out what I had done.

I was down the pub with her last week and she needed £0.50 for the drinks or she’d have to use a note. I offered to swap her 1 for my 50. She laughed so hard, we got some strange looks from the bar staff. :joy:

I bartered marbles and NFL logo pencils as a child. I do believe all were fair exchanges.

I was a huge collector of sports cards as a child. So I would literally barter on a daily basis with friends and other collectors. I have also exchanged services for other services or physical products as an adult.

I always looked for a win win scenario with my bartering. Sometimes one person of the other might be getting a better deal in monetary value, but the other person might feel this doesn’t matter because they are getting a sports card that they didn’t yet have or had other special meaning for them personally.

In grade school I would trade pokemon cards with other classmates. Sometimes it would take several fairly common cards to convince the other party to trade his/her more rare card. I believed the transaction was fair.

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While I was deployed I wrote a workout program for someone and they gave me a vape because I was staying away from cigarettes. In my opinion it was a fair trade because both parties were happy and I did continue to answer questions he had if he missed a workout and such. Both parties needed something that the other had.

Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?

When I was about 10 years old (back in the early 90s) my friend and I exchanged basketball jerseys - I got Michael Jordan’s (original) jersey and my friend got a jersey from a player that I don’t even remember:). Best deal ever;) Still have the jersey

Frankly, it wasn’t a fair exchange (for my friend), because the Jordan jersey was and still is more valuable

I had a boat mechanic put new wheels and bearings on my boat trailer. In trade, I helped with removing viruses from his laptop and optimized the computer to work better. This was a fair exchange because we both had expertise in the services that were bartered. I do not have the tools or know-how to fix the trailer in the time it took the mechanic. The time it took me to fix the computer was less than it would have taken me to work and earn the cost of the labor that was performed. The boat mechanic also would have needed to pay quite a bit more to take his laptop into a repair shop. It was a positive financial benefit for both of us.

Lol ya, the days of trading pokemon and yugioh cards in the schoolyard… All based on how rare/ good the card was. The fun part about trading was it depended on how valuable the card was for the deck you were trying to build. So usually everyone was happy after trading and they were more valuable to us than money.

A few years back I barter traded my service of chopping a downed tree into firewood for a friend in return for an xbox (original), at the time it was a fair trade of value. At today’s current prices I was severely underpaid for my services :rofl:

  1. I think that the exchange of sports cards could be a form of bartering. Different cards have different intrinsic and extrinsic value. The intrinsic values relate to how hard or easy it is to get that card, and the extrinsic values could relate to how it relates to the person that wants the card.

  2. When exchanging cards as a child, there was always the perception that the cards from better players were fewer and therefore you needed to get one before it was impossible to barter for. In these situations, you would have to put some other items on the table like chocolate bars, etc. I think that in general terms, it was always a fair exchange.

The barter transaction that i’ve been part of a a child was that i traded marbels for pokemon cards. At the time it was a fair exchange for me becaus the pokemon cards had more value to me then the marbels.

The latest barter transaction i remember is between my two kids. one sold a stuff animal to another for some allowance dollars. Thought it was interesting how they both were happy with the transaction.

My earliest barter’s were baseball cards and food items in school lunches. I imagine that at the time I obviously thought that they were fair, otherwise I most likely would have not completed the transaction. But looking back the value of those trades disappeared, much like my memory of the barters themselves.

I haven’t done a whole lot of bartering over the years, but I do recall one instance as a pre-teen. I have traded baseball cards, however, that’s not true bartering in my opinion, as it is within the same type of product. But when I traded a Tom Glavine Rookie Card for a like-new Koho hockey stick, I ended up scoring a piece of equipment that I could actually go out and use for fun that very day. I feel that it was a fair trade as the value was pretty close to one another and both parties seemed to be satisfied with the trade in the weeks following. Not to say that there weren’t those times of regret, but that was mainly because in order to get something you have to part with another.

Fair excahnge and why