I was kinda impressed when my lvl 2 troll sk got one of these from a drop. Magic item I thought? Granted it sells for a gold or two to a vendor. (maybe a bit higher but my sk has a cha of 45 LOL so far cause I haven't gotten any of my alts down there to give him some cha gear) Its basically a plesent supprise when hunting with your new, unarmored troll or ogre in the swamp and I'll leave it at that.
As far as a resale value to other players? I really don't see any, but who knows, I've overlooked things like that before and probably will again.