I have always felt the item stands out as an uber-item. You can access it at lvl 8, and no-one seems to replace it at all (even world leaders still use it), which means crafters never-make anything to fill this errr space.
I do not mean to sound rude, but I hate these quests. We just had to do a a lot of running in order to supply some wizard with random types of scrolls. Two of the scrolls had to be bought from PC-traders! It makes no in-character sense for these quest givers to just tell you one of the items at a time. It only adds an insane amount of frustration. Needless to say, the reward did not really feel worth the thousands of True we spent, and the thousands of miles we ran in order to please this annoying Wizard. Those are my two cents. <3
Well dont take this the wrong way, but firstly you dont have to do the quest. Secondly I think it makes perfect in-character sense, as the task giver is testing your resolve, sort of testing your worth. And I think it is great that two items had to bought from PC-traders, it gives you the opportunity to meet others and roleplay with them. It would be even better if the items you need to acquire can only be found/bought at different places, kind of like the pelt quest. That way you get to explore more places. But then again that is just my opinion