Activity Lesson 1

A barter transaction that surely happened in my life, is trading Yugioh and pokemon cards for bubblegums and lollipops. Thinking about it now, i don’t think it was a fair exchange, because i was receiving plastic cards that offered a lot of good times for years, for materials that offered pleasure for utmost a few hours.

Jolly Ranchers was what all the kids use to trade in school. Some were much more valuable than others. Green Apple or Blue Raspberry were always in high demand and you could always get more, if you had those flavors. Not only could you trade Jolly Ranchers for other flavors but for other candy or even different items like pencils or rubber bands.

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 honestly never bartered anything of significance, but I did find myself in a desperate need of assistance. For context I bought $300 of reserve wine from a vineyard near me, 4 bottles in total. during transit one of my bottles were crushed, the most expensive one of course ($75), and also a gift for my Mom. So I contacted a friend who owns a wine and cheese restaurant and coffee shop. Originally I was bringing her two reserve bottles for cash payment, but instead I needed to find a replacement gift. Even though I was in the hole, I was able to trade for two personal selection bottles from her reserves plus two pounds of high grade coffee. She probably won the trade in cost efficiency, but for me it allowed me to share a bottle and conversation with someone that means a lot to me.

When i was a kid we were exchanging cards and tiny figures with my friends. They all had different values such as one of them was a strong card the other one was a smart card… I can’t recall the name but im pretty sure everyone know who born in the 90’s.
These days i had an exchange with one of my friend, i had a cream which didn’t work for me, she was the same and we just made an exchange. It was fair as none of the moisturizers had value - we both got them from our GP for free.
Me and my old flatmates were exchanging clothes, we both wanted to get rid of those and got new ones so it was a fair change - she got my ‘old’ clothes and felt like a ‘new’ and vice versa.

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?

Every year my friends and I would go out on halloween and get candy. Sometimes the houses were giving candies that people could not have due to food allergies or parent limitations. So we would exchange candies before returning home so that each person could get things that they can eat and there parents will let them eat. It was in hindsight fair because everyone set their own prices and exchanged (or bartered) with eachother.

I remember, how i traded post stamps, when i was in primary school. Usually we traded our duplicates, so if you had more than one similar stamp, first obvious thing to do, was to exchange it with someone who didn’t had that particular stamp yet, for a stamp that i didn’t had. Usually one stamp was worth one stamp. But sometimes the occasion was , that i possessed a duplicate, that was either hard to find, or was very old dated, or for example, hadn’t been stamped yet. In that case, it was obvious, that you could demand two or more common stamps, for a special one.
Market ground was usually located in School building. If i make a funny example, that a school was our “state”, and headmaster was our states government, can the government determine, how much a rare stamp is worth? It can’t, but the market can. To me, that is a proof, that market can be regulated by itself, without the third party involved. More or less, this tiny school market was functional, without outside intervention of authorities, that couldn’t determine the prices, neither shut the market down.

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’ve bartered a logo design for a course about bee keeping. I think it was a fair trade because both the teacher and I spend our own time on something we were good at. It that sense it both ‘cost us’ time and we both got something we liked or needed at that particular moment. Both parties were happy.

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Like most kids, I traded cards (though Dad thought they were a waste of money so these were more special to me than to some of the other kids), sweets and marbles for various similar items, I was quiet and therefore probably did not get as good an ‘exchange rate’ as the bigger kids !

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I remember when we were young me and my brother would collect these pokeman chips. Some were more valuable than others and you had to trade more for these special chips. I think it was a fair trade because the special tokens had fundamental which made them more popular and therefore the value of that specific chip was more than the average. that is just how I see it.

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I used to spear fish and trade them for meals at a restaurant.
I used to collect golf balls and swap them for CD’s
I thought it was a fair exchange because I enjoyed doing both activities and was rewarded with things I couldn’t afford with money.

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I remember trading Nintendo video games when I was a kid. It was fun. I would trade games with my friends for the week-end or for a month or so. I was happy with the trade. I loved playing games and finishing them. The good old days. :smiley:

The primary barter that I had as a child was exchanging Pokemon for Yu-Gi-Oh cards. For me was a fair exchange because both communities are huge and lies on which game are you prefer.

School lunches primarily. Someone else had something you wanted to try or liked better than your lunch. The exchange rate was the never usually 1:1. Then there were football cards. That final card you needed to complete the set. How many cards to exchange for it.

I remember bartering my Twinkies in elementary school for a Lunchable. I found it was a fair exchange because my classmate was not allowed to eat sweets and my mom never bought be Lunchables.

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I must confess, i´m a hodler since my child days who doesn´t want to give away anything of worth :slight_smile: .
I can´t remember bigger barter transactions, maybe in food. But i remember earning fiat, like delievering newspaper or playing music for other people starting at an early age. (The music thing went on and was mostly satisfying and fair, but as we know, live music scene is paused atm…)

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My brother and I would barter food at dinner. I wasn’t a big fan of mack and cheese, and he wasnt a fan of sweet peas. If our dinner consisted of these two items, it was already known that my brother and I would be bartering! It was a great deal, both of us received the items we enjoyed :slight_smile:

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I remember at school I used to trade my healthy lunch for junk food. I was happy! haha

Also, I remember that I had a collection of cassettes from my favorite bands and I really loved them but one day my cousin (he was really annoying) came with a discman and I convinced him to exchange my entire collection for his discman. He agreed. hahaha totally fair.

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Exchanged my Xbox + bunch of games for a bicycle.
Was not a fair exchange as the bicycle was more valuable due to the fact that the new generation of Xbox came out making the old one much cheaper.

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As a kid i was huge into pokemon cards and trading them with friends.

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I used to trade Pokemon Cards and it was difficult to set an objective value. Usually 1 high value card could be traded for 5 or 10 other less valuable cards, but after the transaction there was always a sensation of the exchange not being fair. Sometimes I went away thinking I won, and other times I felt scammed.

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