Should add, I do think that valorite hammers should produce better stuff than they do, at least compared to dropped monster loot.
The very best things in the game should only come from valorite hammers, and therefore, they should only have a very few charges, and there should only be a tiny handful on each shard. And, given that, I don't think the charges should replenish, either--although having regenerating charges (maybe at the rate of one every three or four months) would be preferable to having a ton of the hammers on the server (the way it appears to be now).
The very best things in the game should only come from valorite hammers, and therefore, they should only have a very few charges, and there should only be a tiny handful on each shard. And, given that, I don't think the charges should replenish, either--although having regenerating charges (maybe at the rate of one every three or four months) would be preferable to having a ton of the hammers on the server (the way it appears to be now).