Velium Sellback rate?

[Iannyen]

Ok, skilling up to 250 in Jewelcraft, I enchanted every single bar of metal, so that I got maximum sellback rate of about 5% over cost. Now, working mostly with Velium, I've noticed that the NPC's will not buy it back as a ring (enchanted) at the typical 5% above cost rate. Has Velium Jewelry always been like this, or is this a new development?

For example, I attempt to single handedly save the economy on E. Marr by buying the sapphire and ruby jewelry that "people" price below NPC vendor resale. Tried this with 2 Veluim Jasper rings (cost on Velium is 262.5p per bar) at 250each, and the NPC would only give me 205 for it. The 5% equation should have yeilded about 30pp proffit....

/boggle
:?

[Gumkak]

Has Velium Jewelry always been like this, or is this a new development?

Always been like this.

[Velurian]

Enchanted velium jewelry sells back for about 20% under material cost (and always has). Got burned on this a couple times when I was trying to, um, "save the economy" myself.

[diso]

re sellback value

you really shouldnt work skill up using velium. you can get to 250 skill doing platnium items. velium is never trivial

[Velurian]

Not true; velium trivials at the same levels for each gem as platinum. It's just usually not worth combining velium with most of the stuff that trivials before 250.

(Though I'll agree with the statement that it's not worth it to try to skill up with velium; that's just a waste of money.)

[Iannyen]

Hmmmm

...I see that my first paragraph was worded poorly. I have been a 250 Jewler for quite some time. Back in the day that I was skilling up, I used to enchant every bar of metal so that I achieved the maximum sellback of cost + 5%. I actually managed to make a proffit on skilling up to 250. Now that I am an established Jewler, and a 47 Enchanter, I am selling primarily velium Jewelry. I noticed that the velium sellback rate does not follow the cost + 5% formula when enchanted.

I did not even think of skilling up on Velium (heck, I could only afford a half stack of Platinum at a time). I achieved GM status as a 34 Enchanter (the level we get Enchant Platinum).

The point of this was basically to keep people from losing money, even with the best of intentions. Though I still check the bazar every day, and I search for "sapph", "ruby" and "diam". After skilling up, I memorized the sellback rate for enchanted Jewelry.

Just the other day, I bought 4 Golden Sapphire Earrings for 75pp each...
vendors buy em for about 120 ish depending on CHA....
so I made 100+pp and got 4 earrings off of the market.

Yay me. 8)

[tatanka7th]

OK, let me get this straight...

If I enchant every bar before combining, I can sell back the finished items at cost + 5% (on average)?

So if I skill up with a Geerlock, and attempt items with close trivials, skilling up can be relatively low-cost (or possibly profitable)?

The reason I ask is, I have JC skill of 21, and need to get it to 170ish for the 7th shawl, and would love to be able to do this without trashing my bank account =)

Tat

[Iannyen]

Aye

Yes. My skillups sessions (it took me about 18 straight hours with KEI on) from 170-250 netted me a PROFFIT of about 1750 platt, after several KEI donations, making a few rings and a necklace for myself, and buying a Collapsible Jewlers Kit for 300pp from a tinker friend.

I see tons of posts of people telling that they feel it isnt worth it to enchant every bar, because it takes so long, but I wonder how long it takes them to farm up the plat (7-11k usually) that people dump by not enchanting....

Enchanted Jewelry sells back to vendors for about 4-5% over material cost at "best price". Beware greedy vendors, though.
Use a geerlok. I did, and saw about a 2.5% failure rate. Thats 1/40.
Theoretically, there is always a 5% failure chance, but that doesn't mean you will fail 5% of the time....

[Velurian]

I turned a profit for 0-250 as well (about 1k), enchanting almost every bar.

Expect to lose some amount getting up to 140 or so. Even with a geerlok, your failure rates on silver and electrum at just before trivial will be well above 5% (you need a consistent failure rate of about 4% or less to turn a profit). I lost about 1000-1500 getting to the beginning of gold, made about 500-1000 on gold, and made a couple grand on platinum. So have a bit of a cushion before you start. But yeah, if you enchant everything, you can easily get to the 170s for the shawl with fairly little damage.

(As a compromise if you get impatient, just enchant with the more expensive gems and metals. Even if you're really poor, the couple of silvers you might net enchanting silver with the cheapest gems aren't worth the mana and time, and even with electrum and jade -- by which time you're up to 106 -- you're only talking about a couple of gold each. Personally I'd enchant all the gold, at the very least, and electrum with at least the last few gems, but you've got to decide where your pain threshold lies...)

[Marteeny]

I would not waste time enchanting bars until the high end gold stuff. Once you get to, say gold and star ruby, it is worth enchanting. Before then, the amount of time necessary to enchant every bar is not worth the few 100pp you will lose by not doing it.

[Cigarskunk]

I enchanted every bar and was several hundred plat in the black at a 210 skill, then, my next 25 points ran me about 3k due to not enchanting my metals.

When in doubt - chant.

[tatanka7th]

Well, here's my results

Made today a tradeskill day, and started off with JC. Went from 21 to 192 in about 4-5 hours, and with a total out of pocket expense of 1897pp.

This was with amiable faction, and 133 CHA, and I enchanted nothing except for 80 gold bars once I started gold. After seeing how long it took to do that (and I have a manastone, so I can enchant VERY quickly with a druid/chanter 2-box setup), I decided to forgo any further enchanting. I'm happy with that decision, since 1897pp for 171 skill gains ain't too bad.

My stats were 255 WIS, 88 DEX, and 133 CHA, and I had a Geerlock equipped.

I did not follow the standard "make the next item that's not trivial" plan. This was mainly to cut down on the buying/selling required with the vendors. So I decided to attempt combinations with minimal material costs that were not too far spread out in trivials. Here's the ones I made:

started at skill 21
silver star rose quartz, triv 34, 1.5pp cost
electrum malachite, triv 74, 2.67pp cost
electrum star rose quartz, triv 98, 3.67 cost
electrum peridot, triv 114, 13.1pp cost
gold malachite, triv 146, 10.5pp cost
gold star rose quartz, triv 170, 11.5pp cost
gold peridot, triv 186, 21pp cost
gold opal, triv 191, 28.?? cost
gold star ruby, triv 199, 78pp cost (only did about 15 of these, to 192 skill)

Overall I'm very happy with the results, it didn't take very long, and at less than 2kpp, the costs are relatively insignificant. Now I'm ready for my 7th shawl attempt!

Tat

[Gumkak]

Overall I'm very happy with the results, it didn't take very long, and at less than 2kpp, the costs are relatively insignificant. Now I'm ready for my 7th shawl attempt!

You've been very UNlucky on your combines. Usually while not enchanting bars, the cost to get to 190 skill is around 1,000pp. So you've soend around 1,000pp more then most non enchanter jewelers did. The last 60 points however result in a nice 13,000pp (and up) loss if you not enchant any bars.

"not enchanting is cheap" only applies to the below 200 skill range.

[Lilosh]

You've been very UNlucky on your combines. Usually while not enchanting bars, the cost to get to 190 skill is around 1,000pp.

How odd.


I skilled up recently, as my thread in this forum details, and just trivialling Gold + Malachite (With enchanted Bars of Gold), ran me to 700p. I am a druid, and If your estimate is true, then I should average only 3-400 for the next 50-something points if I enchant nothing?


Or was my 700p just horribly unlucky? I followed your recommended skillup tree, not the fast one, and not the "Least Steps between trivials". My Wisdom was 253ish, maybe 255 if I had a MTP that day.

My charisma was 107-110ish, and I was in PoK, so I was indifferent.


-Lilosh

[Iannyen]

Lilosh-
There are some "GREEDY" merchants out there. Be careful where you skill up. I noticed the vendor that sells sapphires in the Mage/monk area of shadowhaven sold at the appropriate 105pp each rate, but the sellback of gold (enchanted) + sapphire was selling back at a loss.

Take a success, and check to make sure that (enchanted) you recieve 105% ish of what teh metal + gem cost to make. If it comes out as less, then go to a different location. I liked to use the ladies in Freeport for my skillups.