Just a simple question:
What happens if a rager knows of a wand location and kill the mob holding it and give the wand to another high-level mob or shopkeeper? Does the system check for such event and transfer the wand back to the original location?

Just some thots.

I find that they tend to be bought quickly, which is why I do it. I can then sell them again.

I'm going to say probably not, but a rager who does that should be getting kicked in the teeth anyways. They destroy magic, not move it around.