Hound's cracked collar
Split at the hasp, and the hound has been off the leash ever since.
Vendor trash. Nothing in the game wants it: no recipe, no enchant, nothing to wear. Stacks in one inventory slot. Vendors pay 129 coins for it.
What drops it
Barrow hound
1 in 5
Rolled on its own rather than from the loot table, so it takes nothing away from anything else that falls off it.
What it trades for
No trades in the last 30 days.