Silver Doubloons

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Posted by: Saturn L O L.1406

Saturn L O L.1406

I haven’t cried a single time about items spiking or just becoming more expensive because of the bot ban but now it’s jsut getting rediculous

Silver DOubloons have increased 25x in price?? Some people need 250 of these “low level crap items” for their legendary – Now I wouldn’t mind but they just CANT be farmed? You just cant get them?

Whats wrong with these items?

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Posted by: Siam.1278

Siam.1278

Just to answer your questions. Yes, they did increase in price by a lot. They can be farmed, as I remember reading in the forums somewhere that a bag can drop a Silver Doubloon. They are possible to get from JP/Hidden chests and bags that drop from some mobs.

Now what is wrong with these items? None, they’re just incredibly rare and the recent demand, the giveaway of precursors on the Lost Shores event, just added to the price. The Silver Doubloon is just similar to the lodestones required for other legendaries, the only difference is that it only has 1 item it can be used on, which is The Juggernaut.

Supply and demand.

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Posted by: Tallis.5607

Tallis.5607

They were bought out by one person in the second week of November, so there is only an extreem small supply.

Since some people need them for their legendary and it is totally impossibly to farm 250 doubloon yourself, this type of market manipulation pays off in the mid-term.

Especially since Anet doesn’t do anything against it.

From Anet’s point of view, high gold prices for these items are good, cause high prices cause people to buy more gems to turn them into gold. Unless too many people leave because of these prices, but apperently this level hasn’t been reached yet.

Tallis – Perpetual newbie – Tarnished Coast.
Always carries a towel – Never panics – Eats cookies.

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Posted by: Kurp.3207

Kurp.3207

There needs to be a way to convert Copper Doubloons to Silver to increase the supply. So many other materials have a way to “upgrade” them, I don’t understand why not in this case.

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Posted by: Sorrow.7452

Sorrow.7452

I’ve already cashed out a partial position in Silver Doubloons and I’m working toward a different legendary right now. But with that partial sale I’ve finished one gift and bought a considerable amount of cores for the other gift.

I expect this item to go even higher. It looks like someone is trying to set the ceiling at 99s99c, and once those sell out the ceiling will become the floor because supply cannot keep up with demand.

But Tallis.5607 is right, expect no help from ArenaNet, because this benefits them. And to top it off you get an infraction from buying gold from their undercutting competition…some monopoly…more like Gem Cartel.

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Posted by: Shuguard.7125

Shuguard.7125

I haven’t cried a single time about items spiking or just becoming more expensive because of the bot ban but now it’s jsut getting rediculous

Silver DOubloons have increased 25x in price?? Some people need 250 of these “low level crap items” for their legendary – Now I wouldn’t mind but they just CANT be farmed? You just cant get them?

Whats wrong with these items?

There are ways of farming them. It just involves a lot of bag RNG. There are 3 bags(“bag of pilfered goods” “light miner bags” “bag of skritt shinies”) that drop silver doubloons. You can find them in here from pig who did more research than I. :P
https://forum-en.gw2archive.eu/forum/game/crafting/Legendaries-with-unbalanced-difficulties/first#post929339

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Posted by: Sorrow.7452

Sorrow.7452

I haven’t cried a single time about items spiking or just becoming more expensive because of the bot ban but now it’s jsut getting rediculous

Silver DOubloons have increased 25x in price?? Some people need 250 of these “low level crap items” for their legendary – Now I wouldn’t mind but they just CANT be farmed? You just cant get them?

Whats wrong with these items?

There are ways of farming them. It just involves a lot of bag RNG. There are 3 bags(“bag of pilfered goods” “light miner bags” “bag of skritt shinies”) that drop silver doubloons. You can find them in here from pig who did more research than I. :P
https://forum-en.gw2archive.eu/forum/game/crafting/Legendaries-with-unbalanced-difficulties/first#post929339

Seems like someone wised up to the alternative and bought out all the skritt bags, doubling their price from 75c to 1s50c.

Someone is playing this market, and probably making a lot of money.

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Posted by: Zid.4196

Zid.4196

I can only congratulate the people who cornered the silver doubloon market. This reminds me of my best pubbie griefing moments on the market of EVE.

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Posted by: Shuguard.7125

Shuguard.7125

I haven’t cried a single time about items spiking or just becoming more expensive because of the bot ban but now it’s jsut getting rediculous

Silver DOubloons have increased 25x in price?? Some people need 250 of these “low level crap items” for their legendary – Now I wouldn’t mind but they just CANT be farmed? You just cant get them?

Whats wrong with these items?

There are ways of farming them. It just involves a lot of bag RNG. There are 3 bags(“bag of pilfered goods” “light miner bags” “bag of skritt shinies”) that drop silver doubloons. You can find them in here from pig who did more research than I. :P
https://forum-en.gw2archive.eu/forum/game/crafting/Legendaries-with-unbalanced-difficulties/first#post929339

Seems like someone wised up to the alternative and bought out all the skritt bags, doubling their price from 75c to 1s50c.

Someone is playing this market, and probably making a lot of money.

Oh of course, someone is trying to hold onto a small monopoly. Then again there are others who would possibly love to benefit from this as well. So basically a lot of people know the supply is low and the demand(high) will eventually reflect it.

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Posted by: Logun.5360

Logun.5360

That and there’s a chance to mystic forge nuggets into one

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Posted by: majorkong.9073

majorkong.9073

That and there’s a chance to mystic forge nuggets into one

Pebbles are more cost effective I believe, though it will take you more combines to get the same number of doubloons.

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Posted by: Xamon.5783

Xamon.5783

How often do you get doubloon from pebbles/nuggets?

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Posted by: ATC Alpha.4098

ATC Alpha.4098

How often do you get doubloon from pebbles/nuggets?

Ask RNG. Did some testing, sometimes you don’t get any doubloons after like 50 combines, a couple times I got 2 in a row.

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Posted by: majorkong.9073

majorkong.9073

How often do you get doubloon from pebbles/nuggets?

Often enough.

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Posted by: Logun.5360

Logun.5360

I tested it until my patience ran out, it’s somewhere between 1/20 and 1/50. The sample size I ran was only a couple of thousand so, that’s no where near what you’d need to get an accurate estimate, more like 50k for that. I ran it back when doubloons were going for 50s per, so the return would be half as much now. You can make much better gold per hour by buying and sell as we discussed in the first gold per hour thread.

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Posted by: majorkong.9073

majorkong.9073

My guess is it’s 1/26 for nuggets and 1/65 for pebbles. But the ROI on pebbles is better.

If you can’t figure out how to make money in this game, it’s a no-brainer. Place a buy order for a zillion pebbles and then click them all away and TP/vendor the products.

But yeah, not worth the time if you are already making good money.

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Posted by: Lazy.2389

Lazy.2389

There should be a rep system for posters on this forum. Would be so useful for newer players especially on this minefield of a subforum.

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Posted by: Golgathoth.3967

Golgathoth.3967

I’ve found a good way to get up to four a day, soon up to six a day…. I always just sell them.

Sylvari: 7 Humans: 3 Charr: 2 Norn: 1 Asura: 0
“Tarnished Coast” since head start!

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Posted by: Sinanju.8456

Sinanju.8456

And now they are going for 1g that’s crazy

(Engineer) Sayonara Memory

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Posted by: Unspecified.9142

Unspecified.9142

And now they are going for 1g that’s crazy

You need to look at buy orders to know what they are ‘going for’.

Someone just bought all the doubloons up to 1g. Stuff like that happens a lot and then the price immediately crashes back down to much closer to the buy order price. There are already some posted at 75 silver.

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Posted by: Sinanju.8456

Sinanju.8456

And now they are going for 1g that’s crazy

You need to look at buy orders to know what they are ‘going for’.

Someone just bought all the doubloons up to 1g. Stuff like that happens a lot and then the price immediately crashes back down to much closer to the buy order price. There are already some posted at 75 silver.

I know that. I never buy anything at buy now prices.

I was just saying that it’s ridiculous that they are that high.

(Engineer) Sayonara Memory

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Posted by: Call Me A Legend.4109

Call Me A Legend.4109

A lot of items are skyrocketing right now. Lotus roots are another item ive seen go way up. I wonder if they’re gonna get up to 3 silver like omnomberries.

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Posted by: Unspecified.9142

Unspecified.9142

Someone is definitely price fixing on Silver Doubloons (or trying to). You can see it in the buy orders too.

Buy Orders
45.73 – 2
42.71 – 1
41.73 – 2
40.73 – 1
38.53 – 0
37.04 – 20
37.03 – 250
37.02 – 17
37.01 – 99

The top 5 are almost definitely posted by the same person who bought every silver doubloon up to 1g earlier. They are very unnatural jumps in price and the fact they almost all end in .73 is too much of a pattern (and shows laziness honestly).

The goal is to get someone to post a buy order above 45.73 before the buy order is filled. Preferably multiple someones and then pull those buy orders once the new price is set. The individual doing this is obviously broke and/or skirting their ‘acceptable profit’ line otherwise those buy orders would likely be much larger, especially the top one, to create a block even if some orders get filled. This shows they are afraid of buying too many at the ~45 silver mark because it would cut too deeply in to their profit.

If you don’t believe me go look at the history of Passion Flowers, though some of it (like the buy order fixing) isn’t as obvious from GW2spidy graphs anymore.

The more you know and all that.

Edit: The top 5 I listed here were either pulled or filled about 2 minutes after I posted this.

(edited by Unspecified.9142)

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Posted by: Dreamslayer.7659

Dreamslayer.7659

I tried forging pebbles to get Silver Doubloons.

It’s not very efficient (my finger hurts from double clicking) and it’s not really cost effective.

2000 pebbles forged
all products forged except doubloons

12 Silver Doubloons
31 Copper Doubloons

It’s probably a good hedge against extreme price manipulation, but it’s not a easy road at all.

This took me well over 2 hours that I would have been doing fractals or CoF so when you add in the time, it’s really a bad deal.

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Posted by: majorkong.9073

majorkong.9073

I tried forging pebbles to get Silver Doubloons.

It’s not very efficient (my finger hurts from double clicking) and it’s not really cost effective.

2000 pebbles forged
all products forged except doubloons

12 Silver Doubloons
31 Copper Doubloons

It’s probably a good hedge against extreme price manipulation, but it’s not a easy road at all.

This took me well over 2 hours that I would have been doing fractals or CoF so when you add in the time, it’s really a bad deal.

Define “cost effective”. If you paid 11c per pebble which is what I was paying when I posted, you paid 2.2g for your 2k pebbles.

This turned into

12 silver doubloons
31 copper doubloons

Current sales price for silver is 40s99c. Current copper price is 99c. Therefore, your total sales will be:

[12*(4099) + 31*(99)]*0.85 = 4.4g

In other words, you exactly doubled your money. It’s nearly a 100% ROI with almost no risk.

Also it looks like my 1/65 guess is pretty on target. If you got maybe 8 in the first 500 pebble combines, and then 4 more when combining the products, that’s right around 1/65.

Finally, you can remap double-click to fix the problem of your hands hurting and to speed things up tremendously. For example, it would have taken me half an hour to run through these, not two hours.

BOTTOM LINE: I agree. If you want to run fractals, do that instead. If you are already good at making money off the TP, this is probably not as profitable as whatever you are already doing. (I.e., Each pebble combine in the MF is worth about 45c. The combines I do are worth anywhere from 6s to 80s each, so I make a whole lot more per click than I would clicking pebbles.)

However, this is a virtually risk-free option to make money for someone just starting out with the TP/MF, and if you get good at it (efficient clicking), it’s equivalent to the money you can get farming at level 80.

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Posted by: Dreamslayer.7659

Dreamslayer.7659

I’m not going to define cost effective because I didn’t use that word.

I said I didn’t think it was efficient, but even that word depends on whether you’re trying to maximize the utility of your time, effort, money or level of interest.

Second, there are a lot of buy orders on pebbles and I suspect it may be some time before you’re able to fill them at 11c – I was hitting between 13-15c

As to how profitable it is, it depends on your results and the price of Doubloons.

My point is not whether or not people should try this method – it’s clearly possible but I’m trying to address the despondent tone I see from people who lament that there is no way to farm these and that rich players are going to dry up the supply.

This method is what will keep people from charging 1g per Doubloon.

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Posted by: Sorrow.7452

Sorrow.7452

No doubt someone is already working on buying out pebbles to make this a non-efficient way of producing Silver Doubloons, just like they did with skritt bags.

I think after the scavenger hunt is implemented, 1g for a doubloon will seem like a discount =X

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Posted by: majorkong.9073

majorkong.9073

Point is, silver doubloons are a pain to get, but not impossibly so, and they are infinitely “farmable” at the mystic forge. Their price is tied to the price of pebbles, and therefore they will not settle in at a price north of, 1000 pebbles, which is what people seem to be afraid of. They should never cost too much more than about 200 pebbles because you can turn 200 pebbles into one doubloon in the MF.

Also, good luck to anyone trying to corner the market on all T1 and T2 gemstones.

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Posted by: Zid.4196

Zid.4196

Errr…while I agree on remapping, we have to consider the alternative costs of clicking for 30 mins or 2 hours. Even basic stuff like gathering and farming set the alternative cost of clicking thru 2k pebbles too high.

Conclusion: silver doubloons can be milked even more.

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Posted by: Saturn L O L.1406

Saturn L O L.1406

What pebbles are you talking about exactly?

Are you combining 4x different ones or 4x the same ones ?

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Posted by: Field Marshal.7946

Field Marshal.7946

I agree, what is the recipe for conversion? I might want to take a chance on what I have in my inventory.

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Posted by: majorkong.9073

majorkong.9073

T1 gems are called pebbles. Four of em, any four (same or different) in the forge will yield a T1 or T2 gem, mark, or doubloon.

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Posted by: Dreamslayer.7659

Dreamslayer.7659

T1 gems are called pebbles. Four of em, any four (same or different) in the forge will yield a T1 or T2 gem, mark, or doubloon.

Prior to my semi formal experiment, I forged a lot of pebbles and nuggets and I experimented with mixing the types.

All of the gems – at least up through shards are considered “fine” and can be mixed – you can mix 3 pebbles and a nugget, lump and – I think next is shard. Orbs are rare if I’m not mistaken.

The result of the forge will be something between the lowest level item and the highest level item plus one level.

The challenge with making Silver Doubloons is that they are at the same level as nuggets, but it seems that the loot table is a lot bigger at that point and forging nuggets is twice as costly as pebbles and the results did not seem to be much better – I seemed to get a lot more marks or crests or whatever those things are.

In my opinion, the optimal way might be to forge pebbles and any result that is not a pebble (or Silver Doubloon of course).

I hesitated to post earlier and as expected, there is a lot more demand for pebbles.

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Posted by: Sorrow.7452

Sorrow.7452

I just forged 252 pebbles, and 252 nuggets. In the end each forged 2 silver doubloon.

RNG, is RNG…my sample size is too small to make any real judgement, but this yield wasn’t very cost effective, it turns out to be roughly 37s for the doubloons gotten from the pebbles, and 65s for the doubloons from the nuggets.

I did get a lot of marks and talisman of mending and stout, so maybe odds are not equal across the tier.

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Posted by: majorkong.9073

majorkong.9073

I just forged 252 pebbles, and 252 nuggets. In the end each forged 2 silver doubloon.

RNG, is RNG…my sample size is too small to make any real judgement, but this yield wasn’t very cost effective, it turns out to be roughly 37s for the doubloons gotten from the pebbles, and 65s for the doubloons from the nuggets.

I did get a lot of marks and talisman of mending and stout, so maybe odds are not equal across the tier.

Again with not “cost effective”. What do you guys mean when you say this isn’t “cost effective”?

The ROI from pebbles is well over 100%. I can’t get spidy to load right now, but I’m guessing pebble prices went up a little bit since we started posting about this, so maybe it’s down to just 100% ROI right now. Also pebbles are ridiculously liquid and most people could turn all of their available cash into pebbles overnight if they wanted to.

I said earlier in the thread that pebbles were better ROI than nuggets.

If you forge pebbles only you get 80% T1 back and 20% T2. If you mix tiers or use only T2, the loot table stops obeying the 80/20 rule and you get more like 50/50 with higher tiers. Since you want a T2 item, this is a bad thing and makes using T2+ materials a poorer choice since they are much costlier.

If you want to do this efficiently in an attempt to achieve the highest ROI, you buy a ton of the cheapest pebbles on the market, you combine all the pebbles you bought (and only those you bought). You TP all the T2 gems, the copper doubloons, and the pearls. You TP or vendor all the marks (it was vendor when I did it, but with this thread people might be buying marks off the TP so you might be able to TP them now). The only ones you recombine are T1 gems that cost roughly the same as the variety you bought.

You’re just burning up your ROI if you recombine the pearls and the T2 items like carnelian nuggets.

I’m pretty sure the chance to get a silver doubloon from combining four T1 gems is 1 out of 65. I think, though I’m less certain, that if you combine four T2 gems you will get a silver doubloon 1 out of 26. But the attempts are much more expensive in T2, and the failures are mostly “junk”, whereas many of the failures with pebbles actually produce something worth much more than a pebble (e.g., pearls, copper doubloons, T2 gems, marks, etc.)

Bottom line. Is this fun? Probably not for most people. Is this the most efficient way to make money in game if you already have 20g+ and a level 80 character? No.

But someone with a level 10 character and 20s could turn that 20s into 6g in a day using this method, and as such it may well be the most efficient way for THAT person to make money.

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Posted by: Sorrow.7452

Sorrow.7452

Again with not “cost effective”.

It means ROI was negative for me because of the nuggets, or I am going to have to keep an open order to sell them for a while…58s65c per just to break even, and that is only because the pebbles produced the same amount of doubloons at a lower cost.

Nuggets are not “cost effective.” Or in other words, they are not an optimal way to transmute silver doubloon because they are that much more expensive over pebbles…for now.

(edited by Sorrow.7452)

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Posted by: Sorrow.7452

Sorrow.7452

I’ve done 310 conversion attempts so far and produced 8 silver doubloons. Each attempt cost 1s (1 paid 25c a pebble), I started with 992 t1 item upgrades and since I did so many attempts I got about 62 additional attempts when a pebble or mark was returned to me (I even used the T2 items.) That means each doubloon cost 38s75c…which is pretty much around the going rate.

That means if you want to break even on these doubloons you would need to sell them for 44s56c. I am not sure what the current ceiling is on these things but I have sold many for 49s99c, I’ve even seen spikes toward 1g, though at this moment I think that might be risky for a quick return. That would put you over a 10% ROI…if anyone is interested.

Of course RNG is RNG and results may vary, I was getting about 1 doubloon every 30ish transmutations until I reach the last 80 or so and didn’t see a one. The price of the pebbles is also another factor, so if the current price of pebbles is around 25c, and the current price of doubloons is around 38s you are probably better off just putting in buy orders.

(edited by Sorrow.7452)

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Posted by: LordGustoff.3752

LordGustoff.3752

Nuggets are not “cost effective.” Or in other words, they are not an optimal way to transmute silver doubloon because they are that much more expensive over pebbles…for now.

I have to ask, are you talking about the nuggets and pebbles also used in Jewelcrafting? Or the junk grey pebbles that drop sometimes? If it’s the jewelcrafting nuggets and pebbles I have a whole bunch just sitting in my collections tab that I will probably start throwing down the mystic toilet.

If you did what they did, you would have what they have.
You have what you have because you do what you do.

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Posted by: Dreamslayer.7659

Dreamslayer.7659

I’ve done 310 conversion attempts so far and produced 8 silver doubloons. Each attempt cost 1s (1 paid 25c a pebble), I started with 992 t1 item upgrades and since I did so many attempts I got about 62 additional attempts when a pebble or mark was returned to me (I even used the T2 items.) That means each doubloon cost 38s75c…which is pretty much around the going rate.

That means if you want to break even on these doubloons you would need to sell them for 44s56c. I am not sure what the current ceiling is on these things but I have sold many for 49s99c, I’ve even seen spikes toward 1g, though at this moment I think that might be risky for a quick return. That would put you over a 10% ROI…if anyone is interested.

Of course RNG is RNG and results may vary, I was getting about 1 doubloon every 30ish transmutations until I reach the last 80 or so and didn’t see a one. The price of the pebbles is also another factor, so if the current price of pebbles is around 25c, and the current price of doubloons is around 38s you are probably better off just putting in buy orders.

A couple things:

1. If you just buy the pebbles, you pay 30% more, but even using buy orders is more costly now.

2. Are you selling the non pebble products? Don’t recycle anything except a pebble – TP the other products to further offset the cost.

3. I think you had a pretty good result – if you had used buy orders, you would have only paid about 1.2-1.6g for them and you could recover some of that by selling the T2 products.

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Posted by: Astraea.6075

Astraea.6075

I placed buy orders for 1000 pebbles for a total cost 1g 88s. While I only received 6 silver doubloons from the transmutes, selling those and the other (non-pebble) results gave me 2g 78s 82c in return (after fees).

The ROI on this was just over 48% and I could have maximised my returns a bit more as I sold some of the items to the highest buyer rather than listing them myself.

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Posted by: Lil Puppy.5216

Lil Puppy.5216

I sell mine for 40s, get them from The Maw chest event in Wayfarer Foothills with my level 30-40 characters with a near 100% drop rate from the chest between those levels.