Cost and time to use existing item as replacement Bonded Item

[darth_borehd]

If a wizard loses his bonded item (wand in this case), does he still need to wait a week and spend 200 gp + the cost of the item to replace it if he just uses another wand in his collection as the replacement? (in this case, a wand of Shadow Conjuration with 40 charges left)

[Pizza Lord]

I would think the cost of 200 gp + item would be replacing or creating a bonded item. If you had an item it would just be 200 gp. You would still have to wait a week and it would take 8 hours.

[Cevah]

PRD wrote:

If a bonded object is damaged, it is restored to full hit points the next time the wizard prepares his spells. If the object of an arcane bond is lost or destroyed, it can be replaced after 1 week in a special ritual that costs 200 gp per wizard level plus the cost of the masterwork item. This ritual takes 8 hours to complete. Items replaced in this way do not possess any of the additional enchantments of the previous bonded item. A wizard can designate an existing magic item as his bonded item. This functions in the same way as replacing a lost or destroyed item except that the new magic item retains its abilities while gaining the benefits and drawbacks of becoming a bonded item.

While you can get a new item immediately, you must still wait a week and use the 8 hour ritual and spend 200 gp per level.

/cevah

[Cavall]

Pretty much what Cevah said. It's pretty clear cut as written