I did graphic design fulltime for a gaming company about ten years ago for a few years. They recently asked me back as a contractor, and for my hourly rate, I asked for $25. I lowballed it because I wanted the work, and can always try for more later. That's also about the hourly rate I was making with them as a fulltimer. Since I'm a contractor they do not provide any benefits, though the work has been steady.
Now I've been contracting about 6 months, and want to ask for more but not sure how much. The work isn't extremely challenging (though I'm happy to have it), it involves a lot of taking flattened text graphics/buttons, recreating them in Photoshop, then recreating them in different languages (they provide the translations). It's something someone just out of college could do, though probably not as fast as someone with years of industry experience.
So, I'm just curious what people think a good rate would be. I actually made $60 an hour doing similar type work for a major fast food chain, and I feel I lowballed too low with $25 an hour.