Im from Venezuela, there the economical situation is so catastrophic that many people have to barter. I remember I had to exchange 2 packs of feminine towels for one box of birth control pills. It was fair because the pills were super hard to find and very expensive price.
Also with food. Once I barter 2 kilos of flour for one of sugar. It was also fair because in that moment sugar was really really difficult to find, only on the black market with a price 10 times higher.
The time I traded my privacy for cookies.
Me and the other kids on my street used to trade Yu-gi oh cards, one I remember in particular was an older kid on the block trading me 10 common cards for my ‘Blue eyes white dragon’ which was one of the best in the game at that time, me being so young and naïve I jumped on this not realizing I was ripped off till years later.
- Actually Im involved in a barter exchange currently. A friend of mine purchased a course on investing for himself but was unable because of time to do it. He offered to give me the course in exchange for my helping him to make investments and to ultimately walk him through it with what I learn. I do believe it was a fair trade because he used his money to obtain a course I wanted to take but couldn’t afford. And I give my time and attention to finishing the course and ultimately work with him as I learn. I can’t say this is something that would work as a currency but there is value in what we both bring to the table.
My friends and I used to trade sports cards. We usually traded between baseball, football, and basketball. Looking back I would say it was a fair exchange because I would trade my basketball cards for baseball cards because I liked baseball better and didn’t care much for basketball. And it worked out good for my friend too because he liked basketball cards better. We both liked football, so those trades were a little bit more in depth
For as long as I can remember I have been aware of the value of money. It’s hard to remember a barter transaction. I do remember trading Nintendo game cartridges… while the monetary value of each was nearly the same, some games were better than others. We would swap them evenly but after trying different games you knew which were truly the more value.
i traded candy that i had (and that my friend’s parents wouldn’t let him buy) for some cool magazines that i wanted to read…it was pretty fair…my candy cost less than the mags, but he was able to tell his parents that he never actually “bought” candy at the store.
Hi Everyone,
Thanks for the great course so far am really enjoying it.
-One of the best transaction I can recall is when I was about 15, and I purchased an upper-deck basket ball card pack…and ended up getting a rare Micheal Jordan card worth $15, (pack cost me $5.50).
-Had a similar run of luck when I stumbled upon digital currency, . may be it will continue with the collectables NFT market.
Warm Regards.
Used to teach students struggling in maths in my secondary school for tokens to be used in the canteen.
It was a fair system as i got what i wanted in return, a free lunch, however its value was subjective. I could spend a few hours and still receive a free lunch or spend 20 minutes and receive the same .
its value was subjective
I used to take eggs to a posho mill in exchange for converting my maize into flour. The items are eggs to Maize floor in return.
For me, it was not a fair exchange because If I sold the same eggs, I could get more cash.
I remember when I was a kid back in Sicily, in the late 80’s, it was very popular to play with football cards. We had an almanac that you could collect the cards in, and completing every team in the Serie A and B was a big deal. In the 1988-89 series, my favorite team, AC Milan, had amazing players like Marco Van Basten, Franco Baresi, Paolo Maldini and many more. My almanac was complete apart from 2 cards: an obscure player in the serie B and him, yes, the greatest number 9 in the history of the game, Marco van Basten. Now you must understand that completing the almanac, was a point of pride and outright bragging rights at the school courtyard. I had to have it. One day I had couple of friends over, and we were playing around. I was checking one of my friends cards pile and yes, Lo and Behold, the obscure player and Marco van Basten were right there staring back at me. Wow…I could not believe my eyes. My friend was playing with one of my favorite pullback cars. It was a beautiful red Lamborghini Countach. I loved it. But I thought, I could always ask for another one at my birthday or Christmas, and to find those 2 cards could statistically take me forever…no bragging rights, no showing off…I couldn’t get the chance pass by. I said to my friend ‘’ what? that car? amazing right? It’s Lamborghini, the best!! Do you like it?’’. My friend looked at me and said ‘‘I love it, could I borrow it?’’. I turned around and said to him ‘‘borrow? won’t you want to have it instead?’’. ‘‘Oh yes’’ he says. Then I said ‘’ Ok, let’s make a deal. You give me these 2 cards, and you get the car, what do you say?’’. He couldn’t believe his ears. Long story short…next day I am surrounded by my little friends in the school courtyard, showing off and bragging about my almanac.
Looking back I truly believe that from an intrinsic value point of view, I might have been worst off. But from a purely euphoric feeling and the happiness that it brought me, It was the barter of the century.
Barters these days generally consist of an exchange of one beer for one of a different type, typically when both parties are looking for some tasteful variety in their nightly frivolities.
Describe a barter transaction that you’ve been a part either as a child or adult.
Preparing to move I needed some assistance in transporting my possessions from my house into
my vehicular transportation, as accomplishing this through my own labors would have extended the time frame I had mapped out for completion.
A fellow tenant in the same apartment complex noticed my preparations and after engaging in some dialog it was apparent he was interested in a large computer monitor of mine. So, we agreed that if he was to assist with the loading of my belongings, then I would provide him with the monitor and appropriate cables.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
Items: Labor for a computer monitor and cables.
Fair exchange?: Sure, we both got something we needed/wanted and not having that monitor was not an impediment to me personally of professionally.
I don’t remember bartering as a child, but I may have exchanged one item of a given value for another item, I deemed of a similar value. If I made that exchange, it would have been because I considered the item for which I made the exchange slightly more valuable than the item I gave up. I would have thought it was fair, because the person making the exchange would have considered the item I gave up of slightly more value than the item that person gave me.
All I remember trading pokemon cards on something that I had double of and getting something I didn’t have, I found it fair.
I Also traded some crazy bones because I knew cheap plastic would be worth a lot less than some baseball cards.
Reading some of your responses took me down a great trip down memory lane! As far as my childhood recollection goes, I recall Pokemon/Magic:The Gathering cards and snacks in the lunchroom being a hot commodity. It was quite a hustle that some people had… So much so they had to ban trading card games from school.
While adults rained on our trading card game parade because of some sour grapes who regretted their trades in hindsight, it was fair and balanced. It introduced concepts like value and a sense of, well, bartering to children. None of us knew how to play at this point, we just liked the cards!
Little did my mom know that when she packed my lunch full of snack treats, she was actually giving me a lunch box full of snack-gold. I recall name brand snacks being desirable and easy to trade for pretty much whatever you wanted. I had a reliable chocolate milk supply chain that traded their milk for my juice pouch, each day. It was fair, fun and fueled my childhood weight issues!
I recall bartering lunch as a child. Yes I think it was fair because both parties were happy with the exchange. We both got a lunch pack with something in it that we wanted. So all good.
Traded roofing for a dog. Great deal!!
I exchanged my sandwich at school for homework :))) o yes it was worth it!
When i was younger i was tricked into trading a rare star wars character for some trading cards to claim a free character. The original trader told me it would be the characters he was trading and turned up to the trade with the cards instead and his older brother who was there “to make sure the trade went through okay”. It was my first experience of extortion as well! Certainly not a fair trade…