Water talisman

Water Talisman is a free-to-play item on the OSRS Grand Exchange in the other category.

In-game examine text: "A mysterious power emanates from the talisman..."

It has a Grand Exchange buy limit of 11,000 every four hours, a high alchemy value of 2 gp, and item ID 1444.

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Water Talisman currently has a flip margin of −3 gp, which isn't profitable to flip right now despite 30,957 trades over the last 24 hours.

Items with negative or zero margins like this are better watched than actively flipped until the spread widens.