OSRS Grand Exchange (GE) 2020
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.
What is the Grand Exchange?
The Grand Exchange is basically the central hub for the buy and sell marketplace in Old School RuneScape. It provides players with an easy to use, convenient system on which they can search for items, check prices, buy, and sell. The GE plays a vital role in the economy of the game, and is extremely important when it comes to money-making.
Why It Matters When Buying Gold
Through the use of the OSRS Grand Exchange, you can get a good idea of how much gold you should buy when you have a particular item in mind. Although the item itself could also be bought with real money at a site like PlayerAuctions, sometimes it's still cheaper to buy OSRS gold and then buy the item from the Grand Exchange.
By checking out the Grand Exchange in connection with the Gold Market Tracker, you'll be able to tell how much money you'll need to spend to get enough gp to buy the item on the GE.
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.
OSRS Grand Exchange Prices
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 to keep prices 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 an order.
For items that are seldom traded, the price guide can be 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.
OSRS GE Limits
Becoming familiar with the current Grand Exchange limits is extremely important to know when it comes to flipping. Jagex have limited certain items to prevent hoarders from buying up the market on one account to prevent mass scalping for basic items.
As a result, completing mass orders may take multiple days. You may create alt accounts for buying goods (like runes or F2P items) as well.
Notable OSRS buy limits include:
- • Ammunition: 11,000 per 4 hours
- • Rune weapons & armor: 70 per 4 hours
- • Elemental runes: 20,000 per 4 hours
- • High-level herbs: 2,000 per 4 hours
- • Any holiday item: 5 per 4 hours
- • Yew logs: 12, 0000 per 4 hours
- • Any god sword: 8 per 4 hours
- • Robin Hood hat: 8 per 4 hours
Trading an OSRS Bond in the Grand Exchange
Bonds were introduced to the game as a means to buy gold directly from Jagex, and for players to purchase membership upgrades. One bond can be spent on 14 days of in-game membership. With fluctuating gold prices from marketplaces such as PlayerAuctions, it can also be cheaper than paying for membership directly.
When buying bonds from the GE, it should be noted that once a transaction is complete, your OSRS 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. Doing so means a bond can be sold on the spot, rather than investing gold and re-listing it on the Exchange.
OSRS Grand Exchange Flipping
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 very dynamic and can be done with pretty much any item with varying rates of profitability.
Stay Competitive when Flipping
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.
The Basics of Flipping
A really basic way to flip is to buy Fire Runes at 1 GP below the current traded value for the maximum trade limit. Once bought (which may take days), you can list them 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 on multiple accounts at once.
Flipping Big-Ticket Items
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 players using purchased gold to upgrade their character.
When a new boss or minigame is released, new items that come along with it often become the hottest on the Grand Exchange. If you get lucky early or are willing to risk gold investing on the first day, you have a chance at making some serious OSRS gold.
How To Teleport To The Grand Exchange
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.
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