Cape of Achievement

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Capes of Achievement are capes that you can buy for 99k from a designated NPC when you reach 99 in any Skills or if you have obtained every Quest point.

Capes of Achievement are also commonly known as "Skill capes" by RuneScape's population.

Pros

Each cape includes a hood and cape, with a special color and design on the back of the cape. They also have a special emote, that only people with that cape and wearing it can do. Your skill cape becomes trimmed once you achieve two or more 99 skills. A trimmed skill cape will also offer a Prayer Bonus of 4. Each cape of achievement offers a defence bonus of +9 to every category.

Downsides

There are some downsides to being one of the few (or a lot of) people who have that cape. Often, people who don't have that cape will demand (or sometimes ask nicely) to see that cape's emote. Because of this downside, many people hang up their Cape of Achievement just to stop the emote beggars.

Good or Bad?

Many Runescape players do not agree with the concept of Capes of Achievement, as with the introduction of them there was much more incentive to train a skill to 99, meaning that a massive portion of Runescape's players immediately trained multiple skills to 99 simply to wear the cape. It also "takes away respect" from the skill - nearly 40,000 people have 99 cooking compared to a few thousand when skill capes came out.

Skill Masters

Attack - Ajjat - Found in the Warriors Guild, located in Burthorpe.

Strength - Sloane - Found on the second floor of the Warriors Guild, located in Burthorpe.

Defence - The Melee Guide - Found just north of Lumbridge Castle, amidst the other guides.

Ranged - Armor Salesman - Found in the Ranging Guild, located in Hemenster.

Prayer - Brother Jered - Located on the top floor of the Monastery, west of Edgeville.

Magic - Robe Salesman - Middle floor of the Wizards' Guild, located in Yanille.

Runecrafting - Aubury - Found in his rune shop, south of the eastern bank in Varrock.

Hit Points - Surgeon General Tafini - Found in the northern part of the Duel Arena.

Agility - Cap'n Izzy No-Beard - Located in the Agility Arena, on Brimhaven.

Herblore - Kaqemeex - Located at the Guthix Altar, north of Taverly.

Thieving - Martin Thwait - Located in the Rogue's Den.

Crafting - Master of Crafting - In the Crafting Guild.

Fletching - Hickton - In the archery shop, in Catherby.

Slayer - Duradel - Above the fishing shop in Shilo Village.

Construction - Estate Agent - Found around Runescape in various estate offices, including Falador.

Mining - Dwarf - Next to the ladders to the Mining Guild, near the east bank entrance.

Smithing - Thurgo - South of Port Sarim in a hut.

Fishing - Master Fisher - Outside of the Fishing Guild, in Hemenster.

Cooking - Head Chef - Resides in the Cooks Guild, west of Varrock.

Firemaking - Ignatius Vulcan - Wandering the forest south of Seers Village.

Woodcutting - Woodsman Tutor - Near the willows north of Lumbridge Castle.

Farming - Martin the Master Gardener - Found in the marketplace of Draynor Village.

Hunter - Hunter Expert - Found in a hut, south of Feldip Hills, marked with a paw icon on the minimap.

Summoning - Pikkupstix - Located in his house in Taverly, just past the members gate.