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Elder Rune Bar Price

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Scooty

Scooty

Posts: 2,281Mithril Posts by user Forum Profile RuneMetrics Profile
Hi Guys/Girls,

Would someone be able to help me with the prices of elder rune bars. GE states they are 25k ish currently but i know this would be miles out and have a stock of them i would like to shift but only for a reasonable price.

Appreciate all the help and thanks in advance.

Scooty

02-Feb-2019 00:49:55 - Last edited on 02-Feb-2019 00:50:26 by Scooty

Scooty

Scooty

Posts: 2,281Mithril Posts by user Forum Profile RuneMetrics Profile
Thank you so much, this is a real shame as if you make the bars yourself (only buying rune bars or even making them yourself) you end up losing money no matter how you look at it. what makes all of this worse is if you wish to sell the ore after mining all yourself no one buys it meaning still no profit which is mad should you think about it.

If I have taken this the wrong way please let me know and I will rework out my maths.

Kind regards,

Scooty

02-Feb-2019 03:05:14

Misaka-chan
Oct Gold Premier Club Member 2006

Misaka-chan

Posts: 8,064Rune Posts by user Forum Profile RuneMetrics Profile
Scooty said:
Thank you so much, this is a real shame as if you make the bars yourself (only buying rune bars or even making them yourself) you end up losing money no matter how you look at it. what makes all of this worse is if you wish to sell the ore after mining all yourself no one buys it meaning still no profit which is mad should you think about it.

If I have taken this the wrong way please let me know and I will rework out my maths.

Kind regards,

Scooty


Don't forget it's pretty common to double when smithing a bar.
"We are all different people all through our lives and that's okay, that's good you've got to keep moving so long as you remember all the people that you used to be."
~ The 11th Doctor (Doctor Who)

02-Feb-2019 03:17:41

DramaticHobo
Nov Member 2011

DramaticHobo

Posts: 802Gold Posts by user Forum Profile RuneMetrics Profile
People still do buy the ores, the prices on those are a bit inaccurate too. I think smelting works out to a slight profit, given you can produce extra bars in the process.

The update was very popular, and there's heaps more people mining now compared to before. Unfortunately that means there's a lot of excess ores floating around, and it will take a while for prices to settle or reach an equilibrium.

02-Feb-2019 03:25:41

Scooty

Scooty

Posts: 2,281Mithril Posts by user Forum Profile RuneMetrics Profile
Misaka-chan said:
Scooty said:
Thank you so much, this is a real shame as if you make the bars yourself (only buying rune bars or even making them yourself) you end up losing money no matter how you look at it. what makes all of this worse is if you wish to sell the ore after mining all yourself no one buys it meaning still no profit which is mad should you think about it.

If I have taken this the wrong way please let me know and I will rework out my maths.

Kind regards,

Scooty


Don't forget it's pretty common to double when smithing a bar.


Even when receiving double bars you are still unable to make a profit at this pricing as you still don't make enough to break even.

my workings if you would like to check them are below:

Light Animica : 5,356 gp each
Dark Animica: 5,445 gp each
Rune ore: 2,547 gp each
Luminite: 1,134 gp each

Total gp per elder rune bar to make: 14,482 each
Sale Price as above: 10,800 each

this means without any extra bars you make a 3,682 loss per bar. On a sample batch of 500 you would need to make roughly an extra 200 bars just to break even making the bars from scratch yourself.

Please correct me if i am wrong.

Scooty

02-Feb-2019 03:40:03

Scooty

Scooty

Posts: 2,281Mithril Posts by user Forum Profile RuneMetrics Profile
Jeremy Cheng said:
How long will it take for mining and smithing item prices to Stabilize?


Prices aren't going to stabilises until after double XP lets be honest so I don't see any steady prices until end of march maybe longer depending on the market.

Working the maths you are able to make profit from normal rune bars just and this is only because its so cheap in the grand scheme of things. Saying that not sure if they would sell at a profit as i haven't tested this due to not wanting to lose more money as I am already low on funds.

Again please correct me if I a wrong.

Scooty

02-Feb-2019 03:44:56 - Last edited on 02-Feb-2019 03:48:51 by Scooty

DramaticHobo
Nov Member 2011

DramaticHobo

Posts: 802Gold Posts by user Forum Profile RuneMetrics Profile
As I mentioned before, the ge guide prices on all the ingredients are wrong. You can check the actual price by instant buying 1 of an item, then instant selling it back.

From a few minutes ago:

Runite ore: 1359-1441
Luminite ore: 1217-1240

Rune bar: 3000-3100

Light animica: 4200-4240
Dark animica: 4201-4433

The extra bar chance is somewhere between 10-20% but I forget the exact number.

02-Feb-2019 03:50:49

Cyanid
Jan Member 2006

Cyanid

Posts: 23,776Opal Posts by user Forum Profile RuneMetrics Profile
Scooty said:
Light Animica : 5,356 gp each
Dark Animica: 5,445 gp each
Rune ore: 2,547 gp each
Luminite: 1,134 gp each


Normal Rune bars are going for about 2.5k atm, probably less now.


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03-Feb-2019 06:04:02

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