My poor DD only got 5c... but she is only 3!

Poor poppet had to have a tooth removed recently and I had to introduce the concept of the tooth fairy to make a little magic out of it. 5c was a huge deal to her though. She managed to buy some farm animals at the toy store, handing over her 5c (while Nanna handed over the other $20 odd )

I think about a dollar is reasonable. It is all about the magic rather than the earning capacity after all.

BTW: I came across a great kids book while looking for stories about the tooth fairy for DD (couldn't find any though), it is called 'throw your tooth on the roof' or something similar and it is all about the different traditions around the world for children when they loose a tooth. Fascinating.
for example, in some countries you throw your tooth on the roof if it comes from the top jaw, and on the ground if from the bottom!
Also, for the tooth fairy, does the tooth go in a glass of water beside the bed (as in my house as I grew up) or under the pillow.
Then, what does the tooth fairy do with the teeth in your story?