When you come to this page, you may want to search for some information related to OSRS Grand Exchange. If so, you are at the right page. Here we are going to reveal that information.
The Grand Exchange of Old School RuneScape
The Grand Exchange is a trading system for the players to buy and sell tradeable items in Old School RuneScape. The members get 8 Grand Exchange slots, in which they are able to buy or sell items, but free players are limited to three. Also, the Grand Exchange referred to as GE. Need to know that it was released on 26 February 2015, following a content poll where it passed by 76.3%, narrowly passing the 75% threshold.
The traders do not require to advertise, meet each other, or wait at the Grand Exchange for trades to finish, as items and coins from fully and partly finished trades are able to be gathered at any bank or deposit box. Aside from that, the players are going to accept a message in their chat box when the status of a trade offer is updated. We are able to say that the trading system like this resembles a real-life electronic assist exchange. Since that, it has replaced the trading post and the older marketplaces in Varrock and Falador.
The Location of the OSRS Grand Exchange
You have to know that the Grand Exchange (GE) is located north-west of Varrock and east of Edgeville, both of which are located south of the Wilderness. Apparently, there are lots of ways to get there. Here are the ways:
- The first way is by walking. You will be able to walk with or without use of the Varrock Teleport spell.
- The second way is by using the tunnel north-west of the Grand Exchange. For note: it needs 21 Agility.
- The third way is by using a canoe station that needs 12-57 Woodcutting to travel to the Champions’ Guild station, Barbarian Village station/ Edgeville station and walking north, walking east, or by using the tunnel respectively.
- The fourth way is by using the spirit tree north-east of the Grand Exchange. This way needs completion of Tree Gnome Village. Using the Ardougne cloak’s teleport will take you close to the Khazard battlefield spirit tree that can take you directly to the Grand Exchange.
- The fifth way is by using a charge on an amulet of glory, or fairy ring code DKR (needs access to the fairy rings from partial completion of Fairytale II – Cure a Queen), to get to Edgeville and then utilizing the tunnel.
- The sixth way is by using the Varrock Teleport spell from the Standard spellbook, a Varrock teleport tablet, or a POH Varrock portal in a Portal Chamber (needs 25 Magic, and 50 Construction to build a portal). If you have already completed the Varrock medium diary, you are able to toggle these Varrock teleports to take you directly to the Grand Exchange.
- The seventh way is by using a charge on a ring of wealth.
- The next way is by using a skills necklace to teleport to the Cooks’ Guild. Then you are able to run slightly north.
- Another way is by taking the Cart from Keldagrim, you will be able to use the Blast Furnace minigame teleport, which is near the carts.
The Operation of the Grand Exchange
Details on the internals of the Grand Exchange (GE) are not known publicly. But, some parts of its operation are understood vaguely through experience. The players interact with the Grand Exchange by creating buy and sell offers for items, at prices they choose. The trades will succeed when one player’s buy offer is bigger than or equal to another player’s sell offer. The real price a successful trade will occurs at depends on which side made the offer first:
- When a buy offer is made and lower sell offers already exist, so the trade succeeds between the lowest sell offer, and the buyer gets gold back.
- When a sell offer is made and higher buy offers exist, so the trade succeeds between the highest buy offer. The seller will get more gold than their offer.
For note: If several buy or sell offers exist at the same price, so older offers are loosely prioritized over newer ones when matching.
The initial price is set to a guide value when making a trade offer. Automatically, this guide is updated based on the trade history of the item. It is expected to represent its approximate market value. Usually, the guide prices are managed by the laws of supply and demand:
- If demand of an item is higher than supply, so its price is going to increase.
- If the supply of items is higher than demand, so its price is going to decrease.
- If demand of an item matches its supply, so its price will not change.
Remember that the items prices are updated based on their recent traded prices and volume. For the items with low trade volume like partyhats, usually their prices will update every few days or even once a week, but can be inaccurate. Also, Jagex can intervene and set the prices themselves. They reserve the right to intervene once they believe price manipulation is happening on an inexcusable scale, or when the items which appear more expensive than their actual value are utilized for scamming. Grand Exchange Market Watch contains lots of up-to-date information on the prices for the items. Also, the guide prices are a basis for Death’s Coffer sacrifices and Items Kept on Death mechanics.
There are several items that cannot be traded by using the Grand Exchange (GE), but can still be traded by using traditional player-to-player trade. For instance, burnt foods cannot be traded with the GE service, and have no in-game value. Other items with a similar property include:
- Partially charged jewelry (games necklace).
- Half-eaten food items (slice of cake).
- Recipe items (uncooked cake).
- Currency (platinum tokens).
- Castle Wars bandages.
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