I was given this weapon by a nice mid level toon when I was ... oh ... about 5 I think. For those of us who are (or were, I should say) complete noobies with no friends to PL us or twink us, it's not such a bad deal. Some people are good at farming cash or making money off loot, but again, for those of us not so great at the finer points of the game, even at level 22 we still can't afford to buy a whole heck of alot.
Everyone wants a weapon that's a bit above their level...helps you level faster, I'm sure. But at one time (and it is that way again on the noobie server) this weapon was a good weapon for its level.
But, with all THAT said...for MOST EQ'ers...it's something you toss to a noobie, yea. That's what I'll be doing with mine now that I've outgrown it. I hadn't ever thought of giving it to a mob...might be interesting to watch hahah
Rhy