Grand Exchange

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Grand Exchange
Grand Exchange.png
Released26 February 2015 (Update)
TeleportsVarrock Teleport, Ring of Wealth, Spirit Tree
MusicThe Trade Parade
Advanced data
Grand Exchange logo.png

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, each of which may be used to either 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. Additionally free players are limited to be able to only purchase and sell free-to-play items while members can trade both. However, if a member was to setup a trade and then the membership would expire, the trade remains active and item will be sold when the price rises.

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 asset exchange and has since replaced the trading post and the older marketplaces in Varrock and Falador.

Ironmen that use the Grand Exchange are redirected to a unique interface that allows them to purchase bonds while disallowing them from buying or selling any other item.

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

Location[edit | edit source]

One of the towering pillars at entrance of the Grand Exchange.
Location on World Map
Edgeville Grand Exchange Varrock Palace
Cooks' Guild

The Grand Exchange is located north-west 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:

Operation[edit | edit source]

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

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.png Oak logs 62
Willow logs.png Willow logs 23
Yew logs.png Yew logs 240
Raw shrimps.png Raw shrimps 62
Shrimps.png Shrimps 31
Raw anchovies.png Raw anchovies 32
Anchovies.png Anchovies 49
Raw lobster.png Raw lobster 161
Lobster.png Lobster 218
Clay.png Clay 97
Soft clay.png Soft clay 129
Copper ore.png Copper ore 65
Tin ore.png Tin ore 95
Iron ore.png Iron ore 126
Silver ore.png Silver ore 63
Gold ore.png Gold ore 275
Coal.png Coal 173
Mithril ore.png Mithril ore 148
Adamantite ore.png Adamantite ore 1,161
Runite ore.png Runite ore 11,136
Cowhide.png Cowhide 189
Vial.png Vial 3
Vial of water.png Vial of water 4
Jug of water.png Jug of water 31
Fishing bait.png Fishing bait 4
Feather.png Feather 3
Eye of newt.png Eye of newt 4
Wine of zamorak.png Wine of zamorak 985
Air rune.png Air rune 5
Water rune.png Water rune 5
Earth rune.png Earth rune 5
Fire rune.png Fire rune 6
Mind rune.png Mind rune 3
Chaos rune.png Chaos rune 82

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

Convenience fee and item sink[edit | edit source]

Grand Exchange tax examples from top to bottom:
  • Status of an existing offer where tax is charged, below the 5m cap.
  • Setting up a new offer where tax is charged, below the 5m cap.
  • Setting up a new offer, where tax is charged, above the 5m cap.

Most transactions on the Grand Exchange are subject to a 1% tax, or convenience fee, capped at a maximum of a 5 million coins per item. The money from this tax is then collected by Jagex; most is removed from the game, while a small amount is used to purchase select items from other players and delete them from the game to regulate their price. Both of these features were implemented on 9 December 2021 in the (unpolled) Grand Exchange Tax & Item Sink update.

The 1% tax rounds down to the nearest whole number, so items sold for below 100 coins have a tax of less than one coin, and so have no tax obligation. Note that this means the seller receives 99 coins if they set the price per item to 99 or to 100, but in the latter case, the buyer pays a single additional coin to the tax. This generalises to all transactions with a price that is an exact multiple of 100: the seller receives 199 coins if they set the price per item to 199 or to 200, and so on. This is rarely significant, as single coin difference is irrelevant for all but the cheapest items, but it does mean that undercutting a sell offer for any exact multiple of 100 coins is effectively free.

Items regulated via item sink[edit | edit source]

The following items are periodically purchased from other players by Jagex using funds from the convenience fee; they are then deleted from the game to better control market supply and prevent item devaluation. This is the most prominent example of an in-game item sink.

Exempt from tax[edit | edit source]

The following items are exempt from the convenience fee:

Ironman mode[edit | edit source]

The Grand Exchange interface for Ironman accounts.

The Grand Exchange is accessible in a limited form to Ironman accounts. Ironmen are allowed to use the Grand Exchange to purchase bonds via a special interface that does not permit them to buy or sell any non-bond item in the game. They are also not allowed to sell bonds.

Music unlocked[edit | edit source]

Changes[edit | edit source]

Date Changes
9 December 2021

All transactions on the Grand Exchange are now subject to a 1% tax. Additionally, certain items are now purchased from the GE by Jagex using said tax money and deleted from the game to regulate their price.

6 October 2021
(update | poll)

Ironmen can now use the Grand Exchange to purchase (but not sell) bonds.

8 April 2020
(update | poll)

The last item searched will now be remembered until players search for a new item, or log out.

 10 March 2016

A missing tile of mud in the Grand Exchange has been added.

26 November 2015
(update | poll)

A button has been added to the top-left of the Grand Exchange interface which allows you to quickly access your Grand Exchange history.

5 November 2015

The Grand Exchange interface now truncates text more appropriately so that item names do not extend outside of their box.

6 July 2015
(update | poll)

Members now have access to 8 Grand Exchange slots and free-to-play players have access to 3 Grand Exchange slots.

21 May 2015

Some blue patches on the parts of the Grand Exchange have been removed.

19 March 2015

Additional item sets have been added to the Grand Exchange. You can now create sets of the following items by talking to the Grand Exchange clerks: God book page sets, Blessed Dragonhide sets, Partyhat set, and Halloween mask set

12 March 2015

Increased buy rate limits for a number of items on the Grand Exchange.

5 March 2015

Loading times should no longer be increased after searching on the Grand Exchange.

27 February 2015

The following tweaks and additions were made based on feedback after release:

  • Resolved the issue of an offer not disappearing after completing.
  • Pie shells are now tradeable through the Grand Exchange.
  • You will now be returned to the index panel, the screen where you can see all 6 of your offer slots, after setting up a new offer.
  • Offers now have a right-click 'Abort' option.
  • There is now only one 'offer' option when selecting an item to sell; this option will automatically select all of a stackable item.
  • A collect-all button has been added to the collection interface on Bank booths.
  • When on the search-item-by-name screen, pressing Enter now chooses the first item in the list.
  • Random events no longer appear at the GE.
  • Many items' buy limits have been increased; they will be increased further in future updates as the system stabilises.

Trivia[edit | edit source]

Audio options icon.png
Grand Exchange transaction completed
  • 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.
  • 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]

  1. ^ 1.0 1.1 Secrets of the Grand Exchange, retrieved 02 July 2020. RuneScape Forums.
  2. ^ Jagex. "Easter Event". 2 April 2020. (Archived from the original.) Old School RuneScape News.
  3. ^ Jagex. Mod Ash's Twitter account. 17 October 2018. (Archived from the original on 24 May 2020.) Mod Ash: "Oh, that. Oak/willow/yew logs, shrimp/anchovies/lobsters, most ores, cow hides, vials, bait, feathers, runes, newt eyes and jugs of water. It's not as arbitrary as it sounds; these are items that are commonly botted in F2P."