Golden Earth Rod...HMM...

I found a Golden earth ro in the ring of fire today and i tried to sell it for 5k, sounds kinda noobish i know, the person said it was way to much and he was probably right. Ive never had a gold item befor and was wondering if some one could tell me how much it might be worth, the details are as follows:

Earth Wand (rare gold)
earth dmg: 11-22 Requires 8 earth magic
Improves Skill Recharge

whats the percentage on skill recharge?

The skill recharge is a 9% chance

ah worth about 1k then