**Summary of the Codex of Lost Knowledge** The *Codex of Lost Knowledge* is a mid-to-high-tier Magic-oriented item in RuneScape 3. It is widely sought after for its ability to unlock one of three unique spell upgrades for Magic, adding versatility and power to combat-focused builds. Released alongside a Treasure Hunter promotion in mid-2022, it’s been a staple in high-level player markets due to its PvM benefits, particularly in bossing scenarios requiring adaptability. Originally introduced through limited promotions, its rarity is moderate, though supply heavily depends on Treasure Hunter events and player inventory dumping during high supply periods. **Date of Release:** July 2022 **Rarity:** Moderately rare, influenced by Treasure Hunter availability. --- ### **Historical and Current Price Analysis** The Codex began selling at a peak (1.3B GP in mid-July 2022) due to initial hype and restricted availability but experienced significant price volatility over the years, partially driven by updates, market inflation, and post-dupe crashes. Below are some concrete price trends and what caused fluctuations: - **Initial Hype (July 2022):** Prices exploded as the item was released, hitting a peak of 1.34B GP shortly after Treasure Hunter exclusivity. - **Stabilization and Post-Dupe Drop (August – September 2022):** The price normalized between 180-230M GP as supply increased and the rollback dupes from July 2022 disrupted economic stability. The Fresh Start Worlds introduction created slight inflation as veteran players sought to offload GP into fresh accounts through high-value purchases. - **PvP and Economy Stabilization Events (October 2022 – January 2023):** Wilderness PvP's removal, followed by rebalancing measures in January (Scrimshaw dupe repercussions), caused the codex to stabilize between 100M-200M. - **Necromancy Update (August 2023):** Combat's expansion to level 152 sparked a brief interest in Magic-related gear such as the Codex, though Necromancy’s dominance in the meta somewhat tempered its demand, contributing to a steady decline in prices through late 2023. - **Max Cash Update Exploit (May 2024):** The Codex temporarily dipped due to inflation from the Max Cash exploit. Prices plummeted to 10M by November 2024, likely reflecting a mix of heavy dumping and diminished demand. From the data, the Codex has a history of sharp oscillations closely tied to Treasure Hunter promotions, GP inflation events, and combat meta shifts. --- ### **Price Prediction (Next Few Months)** The *Codex of Lost Knowledge* will likely bottom out at single-digit millions given its current trajectory and the oversaturation caused by bot farmers exploiting Treasure Hunter loot mechanics. However, if Jagex releases a new high-level Magic boss or an update requiring Magic's versatility, the Codex will see a rebound. Here’s a short-term breakdown: - **Q4 2024 (Late December – Early January):** Expected dip to 5-8M due to continued circulation, player disinterest, and ongoing market inflation risks from Treasure Hunter events. - **Q1 2025 (March – April):** Potential rebound to 15-25M if combat meta adjustments (as teased in future updates) improve Magic synergies or if the supply reduces. --- ### **Flipping Margins** Historically, profit margins from flipping the Codex have been highly variable due to erratic price shifts. The best periods for flipping occurred after significant dips caused by economic disruptions when recovery occurred within weeks. - Current flipping margins: Approximately **5-10M GP** between buying at lows from Treasure Hunter-related dumps (~5-10M) and selling during less saturated periods (~15-20M). - Risk considerations: Its low value makes it a lower-risk investment, but margins are reliant on catching sudden demand spikes tied to meta shifts. --- ### **Similar Items to Invest In** If you're considering items like the Codex for trading, here are a few alternatives to balance your portfolio: 1. **Fractured Staff of Armadyl (FSoA):** Magic's meta-dominant staff. More stable but slower margins. 2. **Tendrils Codex (Magic Ability):** A complementary item likely to rise alongside any Magic meta shakeups. 3. **Biting Perks (Biting 4 components):** Strong synergy across PvM. Demand correlated with combat-focused updates. These items are durable mid-investments that perform well when Magic becomes relevant in PvM. --- ### **Seasonal Trends for Item Prices** - **Positive Trend Seasons:** Prices for combat-related items like the Codex generally rise after major combat updates or GP reduction measures. Announcements of new bosses, Slayer updates, or gear augmentations (expected early 2025) can drive demand spikes. - **Negative Trend Seasons:** Events coinciding with Treasure Hunter GP injections or player protests (e.g., Hero Pass backlash) lead to market oversaturation and price plunges. End-of-year promotions are also historically volatile. **Key Advice:** In the near term, focus on liquidating excess Codexes during Treasure Hunter dry spells. Long-term, pay close attention to Jagex's roadmap for Magic relevance, as the Codex will likely spike in value once players revisit setups featuring Magic combat versatility.