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Eh, even in the early game iron weapons just didn't seem to fetch as good a price as iron armor and steel weaponry. As far as loot for selling I only went for armor and weapons and the occasional gem when I wasn't using gems for making jewelry to sell. Needless to say a horse and a house became my most valuable investments, both to store junk I didn't want to sell and to get to town quickly when I was overencumbered.
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