Grand Exchange

Grand Exchange
Released		26 February 2015 (Update)
Members		No
Location		Varrock
Teleports		Varrock Teleport Ring of Wealth Spirit Tree
Music		The Trade Parade
Map
Advanced data
Type		building

The Grand Exchange, commonly referred to as the GE, is a trading system for players to purchase and sell tradeable items in Old School RuneScape. Members get eight Grand Exchange slots, in which they may buy or sell items; however, free players are limited to three. It was released on 26 February 2015, following a content poll where it passed by 76.3%, narrowly passing the 75% threshold.

Traders do not need to advertise, meet each other, or even wait at the Grand Exchange for trades to finish, because coins and items from fully and partly finished trades can be collected at any bank or deposit box. Additionally, players will receive a message in their chatbox when the status of a trade offer is updated.

This trading system resembles a real-life electronic assist exchange and has since replaced the trading post and the older marketplaces in Varrock and Falador.

██████ : Transaction outstanding
██████ : Transaction completed
██████ : Transaction cancelled
██████ : Transaction partially completed

Location[edit | edit source]

The Grand Exchange is located northwest of Varrock and east of Edgeville, both of which are located just south of the Wilderness. There are many ways to get there, including the following:

• Walking (with or without use of the Varrock Teleport spell).
• Using the tunnel northwest of the Grand Exchange (requires 21 Agility).
• Using a canoe station (requires 12-57 Woodcutting) to travel to the Champions' Guild station, Barbarian Village station, or Edgeville station and walking north, walking east, or using the tunnel, respectively.
• Using the spirit tree northeast of the Grand Exchange (requires completion of Tree Gnome Village). Using the Ardougne cloak's teleport takes you somewhat close to the Khazard battlefield spirit tree which can take you directly to the GE.
• Using a charge on an amulet of glory, or fairy ring code DKR (requires access to the fairy rings from partial completion of Fairytale II - Cure a Queen), to get to Edgeville and then using the tunnel.
• Using the Varrock Teleport spell from the Standard spellbook, a Varrock teleport tablet, or a POH Varrock portal in a Portal Chamber (requires 25 Magic, and 50 Construction to build a portal)
  • If you have completed the Varrock medium diary, you can toggle these Varrock teleports to take you directly to the Grand Exchange.
• Using a charge on a ring of wealth.
• Using a skills necklace to teleport to the Cooks' Guild then running slightly north.
• Taking the Cart from Keldagrim, you can use the Blast Furnace minigame teleport, which is near the carts.

Operation[edit | edit source]

Exact details on the internals of the Grand Exchange are not publically known. However, some parts of its operation are vaguely understood through experience.

Players interact with the Grand Exchange by making buy and sell offers for items, at prices of their choosing. Trades succeed when one player's buy offer is greater than or equal to another player's sell offer. The actual price a successful trade occurs at depends on which side made the offer first:

• If a buy offer is made and lower sell offers already exist, then the trade succeeds between the lowest sell offer, and the buyer gets gold back.
• If a sell offer is made and higher buy offers already exist, then the trade succeeds between the highest buy offer, and the seller gets more gold than their offer.^[1]

If multiple buy or sell offers exist at same price, older offers are loosely prioritised over newer ones when matching.^[1]

Guide prices[edit | edit source]

When creating a trade offer, the initial price is set to a guide value. This guide is automatically updated based on the trade history of the item and is intended to represent its approximate market value.

While Jagex has never published the Grand Exchange's exact pricing algorithms, guide prices are generally governed by the laws of supply and demand:

• If an item's demand is higher than supply, then its price will increase.
• If an item's supply is higher than demand, then its price will decrease.
• If an item's demand matches its supply, then its price will not change.

The prices of items are updated based on their recently traded prices and volume. For items with low trade volume such as partyhats, their prices update every few days or even once a week, and can be inaccurate. Jagex can also intervene and set the prices themselves, and they reserve the right to intervene when they believe price manipulation is occurring on an inexcusable scale, or when items that appear more expensive than their actual value are used for scamming. The Grand Exchange Market Watch contains up-to-date information on the prices for various items.

The guide prices are also a basis for Death's Coffer sacrifices and Items Kept on Death mechanics.

Item sets[edit | edit source]

The options available for any set within the Item sets interface.

Most armour sets and the dwarf multicannon can be assembled into sets to save space. They behave like ordinary items except that they cannot be worn or used until disassembled. Only the Grand Exchange clerks and bankers can assemble or disassemble sets, and they will do so an unlimited number of times for free.

Ultimate ironmen may not assemble items into sets.

Pricing experts[edit | edit source]

Around the Grand Exchange are six pricing experts who show the current prices of various items.

• Brugsen Bursen can be right-clicked to search for an item's guide price.
• Farid Morrisane shows the prices of ores, bars and gems.
• Relobo Blinyo shows the prices of logs.
• Bob Barter shows the prices of herbs and potions. He also decants potions into full and empty vials. He can decant potions even if they are noted.
• Murky Matt shows the prices of runes. He also "decants" charged items into full and empty charges.
• Hofuthand shows the prices of certain weapons and armour.

Additionally, James can be found outside the Grand Exchange main entrance, and gives information about membership bonds.

Buy limits[edit | edit source]

Making a 'Buy' offer

The buying rate is restricted to a certain quantity every 4 hours. Some items have a connected limit, meaning that you can only buy a certain amount of either item, or a mix of the two up to a particular point. For example, if the player has reached the limit on 4-dose Prayer potions, they cannot buy Prayer potions of fewer doses. However, there are no restrictions on selling items.

Volume[edit | edit source]

Volume is a measure of the quantity of items that have been traded on the Grand Exchange. This number is not directly available in game, but can be viewed on the official Old School RuneScape Grand Exchange website database. Items that commonly have high daily volume are supplies like runes and ores, as well as ranged weapons like arrows, darts, and cannonballs.

Non-tradeable items[edit | edit source]

Some items cannot be traded using the Grand Exchange, but can still be traded using traditional player-to-player trade. For example, burnt foods cannot be traded with the GE service, and have no in-game value.

Other items with a similar property include partially charged jewellery (games necklace) or equipment (black mask), half-eaten food items (slice of cake), recipe items (uncooked cake), currency (platinum tokens), and Castle Wars bandages.

New account trade restrictions[edit | edit source]

New Free-to-play accounts have trade restrictions in place until the account's logged in time surpasses 20 hours of game time, 10 or more quest points are acquired, and reaching 100 total level^[2]. Such restrictions include a block from selling items on the Grand Exchange. This restriction is in place to help prevent botted and black-market goods from entering the economy, as many of the accounts are caught and banned before they can be logged in for 20 hours in total^[3].

Restricted items[edit | edit source]

Item		GE Price
	Oak logs	40
	Willow logs	17
	Yew logs	236
	Raw shrimps	26
	Shrimps	18
	Raw anchovies	94
	Anchovies	136
	Raw lobster	145
	Lobster	157
	Clay	111
	Soft clay	140
	Copper ore	56
	Tin ore	86
	Iron ore	47
	Silver ore	42
	Gold ore	136
	Coal	197
	Mithril ore	99
	Adamantite ore	984
	Runite ore	11,262
	Cowhide	128
	Vial	3
	Vial of water	3
	Jug of water	27
	Fishing bait	4
	Feather	3
	Eye of newt	5
	Wine of zamorak	1,315
	Air rune	5
	Water rune	5
	Earth rune	4
	Fire rune	5
	Mind rune	3
	Chaos rune	52

A quick way to reach the quest point requirement is to complete the following quests:

• Romeo and Juliet (recommended) (5 points)
• Goblin Diplomacy (recommended) (5 points)
• Sheep Shearer (1 point)
• Cook's Assistant (1 point)
• Rune Mysteries (1 point)

Music unlocked[edit | edit source]

• The Trade Parade

Changes[edit | edit source]

Trivia[edit | edit source]

• A short jingle plays when a buy or sell transaction is completed on the Grand Exchange, which contains the beginning melody from The Trade Parade accompanied by flutes and other whimsical elements.

Grand Exchange Transaction Completed

• On the buy/sell interface, if an OSRS mobile user on Android tries to input a custom value, the Android numpad pop-up keyboard displays. This keyboard curiously contains a negative "-" sign as an option. Pressing it does not do anything.

References[edit | edit source]