Question. Now I haven't played in many years but a "val hammer" is obviously an item. If I remember correctly the reason only gold and house deeds were duped when I played is because items have a specific item code and aside from those two items any other item duped would be easy for the GM team to detect, delete, and ban the person in possession. [Gold and Castle deeds could have their item id codes changed, hence making the detection of their dupes rather complicated] I guess it's safe the assume that there is a way to bypass this now or are the GMs just that uninterested in the matter?
Also, I can tell you that all because there is an influx of gold or [I guess now] items into the system that it doesn't mean that a dupe is currently working. It seems to me [Call me criminal minded?] that any smart duper would have made a huge amount of the item of their choice and held onto them. It would seem that this could benefit them in two ways, 1. Easier to escape detection. If sold at a time when no known active dupe is in progress I would venture a guess that banning him would be far more complicated. and 2. Items sold during a dupe would obviously be sold at the lowest price possible. By holding onto said items the prices would rise [Not to their original values but nonetheless rise] and said exploiter would then be able to make a much larger profit.
Thinking about it, it could even be a player who bought a large amount of this item from a duper during the time of it's active use and due to being a "respectable" business man decided to hold off on the sale of em.
I dunno, it very well might be a dupe. Than again from just a few moments of thought, I've come up with in my head many reasons for their existence. Granted all rely on an once active duplication exploit. =<
Ohh and WTF.. 11 million for one item?!? Damn now thats inflation..... I think this has to be the biggest single reason for me not to return to UO. I can only guess how long it would take to make the amount of gold needed to buy that which is now needed to play. Wow....