Teak planks are a type of plank used in the Construction skill to make moderately high level furniture. Each plank gives 90 experience when used.
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Teak planks are made by taking teak logs to the sawmill northeast of Varrock and asking the sawmill operator to convert the logs into planks, at the cost of 500 coins per teak plank. Players can send their servant to the sawmill, but it will still cost the 500 coins per plank.
Teak planks can also be dropped in noted form from Gangsters and Gang bosses during the Tackle organised crime activity in Great Kourend.
A teak plank spawn is located two tiles north of the sawmill operator in Prifddinas, however it is not accessible to players and thus can only be obtained using the Telekinetic Grab spell.
Teak planks can be used for Construction training. Pieces of furniture between level 35 and 65 often require teak planks to be built. If teak planks are used, people usually make flat-packs of teak chairs and then eventually, teak dining tables, which is a popular way of leveling Construction. Each teak plank is worth 90 Construction experience, so the maximum experience per inventory available is 2160 for 6 dining tables. Teak garden benches are also a better alternative at higher levels.
It should be noted that constructing the Mythical Cape (mounted) in the Quest Hall of a Player-owned house grants an additional 33.3 experience per plank over other teak furniture, bringing the experience per plank up to 123.3. This provides a much cheaper, albeit slightly slower method of training construction using teak planks.
For an exhaustive list of all known sources for this item, see here