As of right now, the best equipment that can be obtained in the game dropps off the Ice Witch, which is accessed threw the dwarfen quest in the Ice Cavern, quest one needs a minium lvl of 30: reward diamonds, and the Ice Witch quest which is acquired with a chr. lvl 50, she dropps lvl 1-3 weapons 2-3k in gold, and most dfifently the best amulets in the game, btw, keeping the red dwarf alive (forgot his name) will earn u about 4-5k in gems, which can be sold to the banker. You can do this quest once per chr, having multiple chr.s at lvl 50 is a huge bonus.

                       Reaper of LIfe (RoL) is second dropping lvl 1-3 weapons and having very decent amulets, but having alot of life, and dishing out alot of damage, having multiple chr.s and or having friends makes a huge difference in taking this mob down.

                       Coming up third is the Ice fairy, which dropps the same loot, only problem is you need to be evil to take her on, or bring other neatural or good monsters to take it down,

                         And forth the Ice golem, which dropps lvl 1-3 lvl weapons. The thing hits hard and uses low lvl ice magic, but the hit and run strategey works to ez for it, also dropps low lvl amulets,

    goood luck........