The introduction of the Grand Exchange came with a bit of controversy as it went against the “old school” model of the game, but it was necessary for longevity. Not only is it convenient to buy and sell items, but it is also a means to make money by flipping on the side. Within this OSRS Grand Exchange, you will learn the essentials of the game’s economy.
A trading system for players to purchase and sell tradeable items in Old School RuneScape, the Grand Exchange is basically the central hub for the buy and sell marketplace. A perfect sidekick of the market tracker, it’s an official tool that allows players to monitor prices of certain items. By typing an item’s name or even just a keyword on the search bar, you’ll be able to see whether the price has gone up or down and by how much. This is a big help, as you can monitor the price of items you want to either buy or sell.
On the other hand, if you don’t have a specific item in mind and simply want to trade for profit, you can click on Price Rises and see what items became more expensive and therefore perfect to sell, Price Falls to see which items became cheaper and might be sold at a higher price later on. You can also check out Valuable Trades and Most Traded if you want to see hot items that you might be able to make a profit out of.
Through the use of the OSRS Grand Exchange, you can have a good idea of how much gold you should buy when you already have a particular item in mind. While there are many ways to get items other than of buying gold so you can purchase them in-game, it is preferable to do the latter. This is because it’s easier to find cheaper items being sold in OSRS gold.
By checking out the Grand Exchange in connection with the Gold Market Tracker, you’ll be able to tell how much you have to spend for a particular amount of gold, or if you have a limited budget, what kind of items you can buy from the amount of gold you are constrained to.
The Grand Exchange has solved many long-standing problems and made the game much more convenient, but there’s a fatal flaw: price manipulation. Although there are median prices, sellers often abuse the GE and in turn affect the Old School RuneScape currency to real life money value.
When Jagex programmed the Grand Exchange, they intended on prices to be governed by supply and demand. Of course, they have had to step in at times to mitigate price manipulation by clans, wealthy players or trading bots so that prices are relatively stable.
When you put an item into the buy or sell tab, you are given the median trading price. This may or may not reflect what the real market price is, so you may have to adjust the price to complete ant order.
For items that are seldom traded, the price guide is completely unreliable and item and placers will often gauge prices for anyone desperate for said item. This usually applies to quest items or treasure trail items.
Becoming familiar with the current grand exchange limits is extremely important to know when it comes to flipping. Jagex had limited certain items to prevent hoarders from buying up the market on one account to prevent mass scalping for basic items.
This makes mass orders take multiple days and you would otherwise have to trade outside the exchange to bypass limits. You may create alt accounts for buying goods (like runes or F2P items) as well.
Bonds were introduced to the game for a means to buy gold directly from Jagex and for players to purchase membership upgrades. One bond equals 14 days of in-game membership, and with fluctuating black market gold prices, it can also be cheap than paying for membership directly.
When buying bonds from the GE, it should be noted that once a transaction is complete, your Bond will become untradable. To list it on the exchange again, 10% of the bond value must be used to reactivate it beforehand. This prevents players from flipping them with short margins and allows for it to be available to players that truly need a membership upgrade.
Players that do manage to flip bonds tend to advertise to players in F2P worlds to appeal to impatient players that don’t want to wait for their GE orders to fulfill. This would be a better route as you can convert the Bond on-demand instead of investing gold and re-listing it on the exchange.
Flipping isn’t an overly complicated practice as you are buying items slightly below it’s traded value and selling it for slightly higher. It’s a very dynamic and can be done with pretty much any item with varying rates of profitability.
Considering that OSRS grand exchange rates are quite slow at keeping up with real-time market values, you will have to use a third party price tracker to be a competitive flipper. GE-tracker and OSbudddy, among others, are good places to start.
A really basic way to flip is to by Fire Runes at 1 GP below the current traded value for the maximum trade limit. Once bought (which may take days), you will go ahead and list it at the market value and it should sell rather quickly. You just profited several thousand GP by basically doing nothing, and this can be emulated at multiple accounts at once.
Items that are bought in basic shops around the game may also be sold on the Grand Exchange for massive profit margins. This can be anything from capes, skilling tools or food, all of which should be price checked before going this route. Some items (like gold jewelry) may also be bought from the GE and sold to general stores for a slight gain.
With big-ticket items, the profit margins are higher but so are the risks. A Twisted Bow may be bought for slightly under the going rate, yet resold for several million gold above to an impatient player. The type of player that overpays for these items are usually people who win big stakes at the Duel Arena or someone using purchased gold to upgrade their character.
When a new quest is released, these are usually the hottest items on the exchange and the market hasn’t decided on a good price. If you are early to finish the content or you are willing to risk gold and buy it on the first day, it can be resold for millions of gold above its realistic price. When the Theatre of Blood was released, most of the items were trading for hundreds of millions of gold more than it is worth now.
There are only two ways for a direct teleport to the Grand Exchange: using a Varrock Teleport while having the Medium Varrock diary completed or with a charged Ring of Wealth. Otherwise, you can teleport near there with a Glory Amulet and using the agility shortcut to get into the area relatively quickly.
Now that you know more about the OSRS Grand Exchange, your Runescape journey should get a whole lot easier. Just as with selling items on any other MMORPG, you should have patience when buying or selling items if you want to get the best deal possible. Feel free to go out and train skills, kill bosses, and enjoy the game while your orders passively do the work within the exchange.