yes actually he drops some very nice lowbie items. you can sell the blade for 150p or so and you can make alot of money selling the bricks of high quality ore so for a lowbie this is a very good source of xp and funds. Of course the price of these items can vary to server to server i am on the tribunal myself
Pally of the 30th season <Kemerdin>
necromancer of the 26th season <Vadenor>
monk of the 16th season <Vecronous>
warrior of the 5th season <EGGNOGZ>