PC on Whalekin Wand (req9)

Firstly apologies to admin for previous multi post - purely accidently and must be put down to having more than the normal number of thumbs

I've picked up a number of these Wands. However the best is

Whalekin Wand of Memory
Cold dmg: 11-22 (req 9 water mag)
Halves skill rech of water mag spells (19%)
Inscipt: "show me the money"

Is it worth anything ?
Should I mod it?

Help please

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