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These items are completely within the parameters of precedence.
Pheonix armor anyone?
Just remember, at the end of the day, there will be some items that no one bothered to get. And some people will want a full collection, cause anything less simply will not do.
So, thinking beyond this very moment, will you be a have, or a have not. Make a choice and be satisfied with it.
Christmas, of 99 I selected a clothing bless deed. Before tailoring BoDs and rewards came out I was offered over a million for it more than four times. I never sold it, I never used it. *shrugs*
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You were clearly not around when Phoenix armor was introduced.
At that time you could not insure armor, so when you died you lost it. Most people ran around in newbied leather armor pieces, and I don't even think a full set of the newbied stuff was possible as not all pieces came as new character armor. So the introduction of blessed armor, with a unique hue and name, and damage reduction (a full suit gave 54 AR I think) was huge. I think full platemail of invulnerability only gave something like 63 or 70 AR that was the max unless you considered event items.
The main reason people did not pvp in this armor was because macers would break armor at that time and all armor eventually wore out and broke (no POF then). Age of Shadows nerfed Phoenix armor to what it is now because they devs did not take the time to code a proper conversion for Phoenix armor when armor went to the new resist system. I'll admit that as a Phoenix armor owner I was a little annoyed that it was now useless other than decoration and banksitting. Comparing the new crappy suit (I'll admit we haven't seen it yet) to Phoenix armor is not apples to apples. The 'old' Phoenix armor was a home run back in the day. IMO.