When I was a child I collected Pokemon cards, and so did most of my friends. My friends and I would frequently trade each other different cards. We would gauge the fairness of the trade based on the rarity of the particular cards being traded.
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When I was in 3rd grade I traded a Ken Griffey Jr. baseball card I owned for 3 other non KGJ cards a friend had that seemed cool at the time. The transaction did not go so well as I did not understand I could not get the card back and I ended up crying and telling my mom. I never got the card back and I learned the valuable lesson: “A deal is a deal”, something I carry with me to this day but also with an understanding that not everyone sees every transaction the same way. I also learned a huge lesson in perceived value of an object.
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Honestly, I absolutely do not recall being part of any barter transaction in my life… Except maybe when I was a kid with collection/game cards and marbles, but I cannot remember one exchange in particular. Even if I look at my kids, I do not think they ever traded their toys or personal objects with their friends… Actually it’s either you give/receive something (gifts) or you buy/sell something, but barter…? Maybe it is a cultural thing, as I live in France? 
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As a child in the schoolyard, I exchanged Candies against Pokemon cards, looking back it was probably not a fair exchange since candies are a perishable commodity when a pokemon card can be trade overtime.
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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?
I don’t remember exactly but it was probably some pieces of Lego or some other toys. When I look back it was probably not a good deal in terms of costs (in fiat) but kids think differently. They consider the utility of toys bot their value in money terms.
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When i was i child, my younger brother and i use to trade candy. When there was something in my bag that i didn’t like(usually anything with liquorice) we traded it. I rated the liquorice that i didn’t like lower than the ones i wanted from him(winegums). Therefore i usually traded, for example, 4 pieces of liquorice for 2 or maybe 3 pieces of winegums, depending on what i was trading with.
He was happy that he now had more pieces of candy and i was happy that i traded the candy that i wasn’t going to eat anyway for some extra ones that i loved 
BUT let me tell you that i love liquorice today 
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A barter trade I remember doing in primary , was an exchange of lead (for mechanical pencil) for 1 piece of bubble gum. 1 stick of gum == equal to 3 lead. So whenever I ran out, or to cheap to resupply at the store, we had friends with this agreement. Also, they would take IOU’s.
I believe that was a fair trade, specially looking for the .09 mm lead for my mechanical pencil.
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I exchanged a rare pokemon tap that I had twIce for the ash tap. I think the trabe was quite in my favoure because I had the item I was giving in excess
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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?
Halloween… Used to trade Candy I didn’t like with ones I did from friends who wanted the ones I didn’t and exchanged easily 
Fair exchange because I traded an item/Candy I didn’t want with an item I did easily.
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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?
I remember exchanging a car toy with my friend. It was a plastic model of Toyota Land Cruiser but with one wheel missing. I made a barter on it for a smaller car but with all four wheels. I think it was a good exchange because playing with car toy with 3 wheels was not so comfortable
When is wash young we would trade Trading marbles or collectible cards.
If he is happy and I am happy it is always a fair exchange haha Iff he is easily happy it just makes it better for me 
I once trade beer for wine. Fair trade.
I traded bottle caps from various kinds of soda for pennies. We collected them for the local block bully and he didn’t threaten to beat us up, as much.
We could pin them to our jackets or hats and using a hammer and nails really dress up a treehouse or the inside of a garage door to make your hangout cool.
I discovered that the local liquor store had a soda machine with a built-in bottle opener that stored the discarded caps and I made an exclusive deal, at least I though so, with the storekeeper that for a single dime, I could clean out 20, 30, or 50 bottle caps at a time.
The local bully wasn’t allowed in there because he had attempted shoplifting at one time or another. We all had.
I could get ten pennies for each bottle cap and regularly gave them to friends for introductions to girls.
I don’t think the exchange rate was fair, but I did have a good brokerage in bottle caps at one time.
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I traded my crappy bologni sandwich with a kid for his milk and cookie that he didn’t want. We both got what we wanted and we’re happy with the transaction. Free market for the win!
I once traded a video game for another video game. I think it was fair because we both had gotten the value out of playing the game we already owned and wanted a different one
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I have to think real hard if i did anything of those Barter transactions but i came up with one, we had those football cards to put it in a book, sometimes i`ve got loads of the same player cards and try to exchange them with another funny dough because automatically some cards where so rare you needed several
random cards to exchange for the rare one. And that same thing i did with post stamps, exactly the same way
Like many others in this thread I remember trading cards (baseball, football, Pokemon, Magic etc) which even occurred cross-sport or cross-game. I remember them usually feeling like fair trades although I know sometimes someone got a better deal because the other participant did not know the rarity of certain cards.
I used to trade baseball cards as a child. Ken griffey for jose consaco. Thought it was a fair deal. It had more value to me.
I have bartered trading cards for other collectibles in the past.
A barter transaction I remember being a part of was certain types of school snacks being traded for Pokemon cards. Looking back on these transactions I do not believe it was a “fair transaction” because I had those Pokemon cards much longer than the snack lasted. 
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