Pc on Defensive Smiting Staff of Enchanting

Gold, max damage, req 10 smiting prayers, energy +10, improving skill recharge using smting prayers skills 19%, quick recovery from disease, armor +4, enchantements last 17% longer.
Thanks for helping

While we were wandering in the fow a partymate said me that this staff worths really a lot (cuz the 19% smiting recharge), is that true ? :-O