Items you already own can either be trashed, fed to your pet or sold.
The trade of items other than non-enchanted Treasure Cards will NOT be a part of Wizard101.
We feel that an economy of item trading is not appropriate for our game. KingsIsle Entertainment has developed Wizard101 to be an exciting and fun online experience for people of all ages. We believe that an important part of delivering online entertainment is to provide a safe environment for all players, and that’s a responsibility we take seriously. Introducing an in-game item trading economy does not fit with our values and vision for Wizard101.
You can gift items to other players at the time you purchase them for Crowns in the SHOP.