In my opinion the rarest item is Magic Longsword
The ingame legend is as follows:
Many many years ago the evil god Brog enslaved Cyclopes to smith weapons for his perilous armies. In secrecy, the smiths created this powerful weapon in order to commit mutiny against their captor. They failed at the task of slaying Brog, however he was heavily wounded. Filled with unspeakable rage he cast the sword down into the lands of Tibia to be lost forever. While buried in Brog's flesh, it became covered with his horrible blood, which hardened the blade and enchanted the Godslayer with unmatched power. However, a dark curse has been cast upon the blade causing its owner to become stricken with awesome madness and horrible luck. It is said nothing good can come to he who possesses the mystical blade.
Source: https://tibia.fandom.com/wiki/Magic_Longsword
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