Mereth's cracked hourglass
It broke when the hour ran out, and its owner declined to notice.
Vendor trash. Nothing in the game wants it: no recipe, no enchant, nothing to wear. Stacks in one inventory slot. Vendors pay 5124 coins for it.
What drops it
Mereth the Unsleeping
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.