PC -- Hale Water Staff of Defense

Not quite sure how to go about this, but a friend referred me over since we're both so awful with pricing. So, here are the stats/mods/whatever:

Halves skill recharge of spells (20% chance)
+10 energy
Cold Damage 11-22; req of 12, water magic
Halves cost of water magic (19% chance)
+29 Health
+5 Armor

And... it's gold; common skin, to my knowledge.

So--opinions?

Please, people? I'm really atrocious at this and have no clue. I'd really appreciate an educated opinion.

Only few plats/merchant food, high req & flawed casting mod.