-
In grade 3 I traded my bran muffins for my friends snackwich sandwiches many weeks of the year, definitely a fair trade; I 1) hated the bran muffins because my mum made it so often and it was dry 2) We didn’t own a snackwich machine as a kid, so the rarity and taste made it desirable for me.
-
I once traded a holographic Alakazam for 10 holographic cards, at the time it seemed like a great deal, but retrospectively, there would have been more value in keeping the Alakazam as it was said that it is the rarest of all Pokemon cards.
I once traded soda cans for built lego structures. I had so many soda cans that lingered in my parents basement and the person I was trading with wasn’t allowed to have soda in there house. It was indeed a fair trade for me because it was an item that had no value to me but was valuable to them.
I traded an electric guitar for a bicycke when i was younger. It was a fair exchange as we both got sonething that we valued by exchanging sonething that we didn’t use.
My first real personal experience with bartering was in Grade 3 of Primary School. We used to get pokemon plastic tazos ( pawgs) in chips packets, so everybody started collecting them. And everyday at school, we would sit in a circle and everybody would take out their collection and start putting their duplicates to one side. Then we would go through each others duplicates and make each other offers based on what we needed or what rare ones we had to trade. It was from then that I started to grasp concepts like supply and demand and scarcity, and how that impacts the value of the assets.
As a child me and my friends would play a card game called Magic the Gathering.We would exchange cards with each other based on who needed what card, the rarity of the card, the unique skill the card had and how bad the other person wanted it. Depending on how good we deemed a card the deals/trades could end up being several cards for just one.
I remember when in primary school we used erasers and stapled the centre to create our own spinning tops which we used to see whose eraser could spin the longest while hitting other erasers. Since the shop near my house sold cheap flat erasers which you couldn’t get from the school shop, I used to trade the erasers with food from my classmates. Looking back now, it seemed like more than a fair trade since I could eat for free some days while still having fun with my friends
We used to trade Pokemon cards for marbles and sometimes we got extra cookies from home to exchange for some special marbles or Pokemon cards. I don´t think it was really fair to exchange some chocolate cookies for a shiny card… Well for me it was a good trade and i hope he enjoyed that cookie back then…!
nice question:))
I think every bet without money is actually an barter transaction. I can’t remember a single transaction like that.
As a child in birthdays we use to get bags of random treats for each kid, since each one of us had different taste buds, we first tried to trade of the less wanted treats with other kids before you’re favorite treat will be eaten, so it will be barter trading, then a treat.
At school I often exchanged some component of my packed lunch for other kids’ lunches. I believe it was fair as we both desired what the other had and each item was of near enough the same value.
I can’t recall any direct transactions exchanging goods for goods. However, I’ve always bartered my time in the form of services provided for money or other belongings. The earliest memory I have was picking weeds at my grandmas when I was very little, and in return I got some fresh cookies. Safe to say I was quite a hefty child.
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?
As a child, I traded hair bands for a lollipop. Totally worth it… I had lots of hair bands and no candy.
Thinking back over my life I can’t really think of too many barter situations, however I have traded my skill in cooking for free lodging and/or no responsibility toward recurring utilities. Once I even took a much lower wage in order to live for free during a transitional time that benefited both myself and the business I was revamping.
I think for me, trading a skill in the form of work to offset recurring fixed expenses was very beneficial, Aside from the actual monetary or financial swap that is being made, many transactions include hidden value-related potential benefits and drawbacks.
By trading my time exhibiting a useful skill, I was able to AVOID certain expenses that also carried with them greater inconveniences, accountability, and commitments, which, for me, proposed a hidden cost.
My work is seasonal and at times when I do not have work it may be possible to barter away my time in situations like this in the future, but it is not guaranteed.
Used to trade Dungeons & Dragons cards for Pogs. Neighbor boys convinced me they had more value, felt cheated when I realized how flimsy they were compared to my pogs.
I think Dungeons &Dragons cards might be way more valuable than pogs today, so maybe I missed an investment opportunity
Collectible cards from magic the gathering game.
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 love this question, because I actually did this when I was about 14 years old, I had a horse but my father did not want me to have that horse anymore, back then the horse was about 200 dollar value, So here I am 14 years old, I found a friend with a new very expensive skateboard, I told him , give you the horse in exchange for the skateboard, it was more than a fair exchange because I did not have the time to take care of the horse and my father did not want me to have it anymore…Both were happy with the transaction.
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?
Well a exchanged my skaters for a bike i think it was good one because i wanted to ride bike , but i think this kind of exchange is all about what you need and what you have to offer in that moment .in my case was fair .
I remember exchanging Panini pictures / stickers (soccer world championship) with friends.
The discussion started when there was a picture with a more famous player, which was automatically was more worth.
The same happened with the national flag of a nation. An usual exchange rate was 1:3!!
The interesting thing was, that the price or exchange rate was changing during the championship (performance related by the team or player), as agreed by the majority.
When I was a lot younger I traded 3 Yu-Gi-Oh cards that were standard edition for 1 rare card. It was fair based on what my friends thought of it and in the end, worth was derived from what an ultra small sample of the population thought about the worth of a barter like this.
My first barter transaction was exchanging food at school. In a way it was fair. I would give the good homemade snakes my parents gave me in exchange of sweet, gums, chocolate. From my point of view it was more than fair as my parents were into healthy stuff and I was craving junk food lol