Magical items on Krynn are often rare and usually supported by a particular story. According to the original Dragonlance adventure modules, many 5th level characters would have +1 magical weapons and armor, but this may have had a lot to do with conventions for AD&D modules at the time. (+1 magical items might have been the equivalent of masterwork in 3E) There are certainly some items that are more memorable in themselves, that loom large in the Age of Despair, like the Dragonlance itself, or the Staff of Magius.
Axe of Brotherhood and the Sword of Friendship
A dwarven battle axe and a longsword in the style of the humans of Abanasinia – each weapon is a +2 magical weapon, and when wielded within 30′ of each other they function as +3 magic weapons. They were originally created in tandem to represent friendship between the dwarves of Thorbardin and the humans of Abanasinia.
Bloodstone of Fistandantilus
The Bloodstone enables it’s wielder to attempt to replace the soul of a victim with their own soul, taking over their body permanently. When it is time to try to seize a body, the wielder of the Bloodstone must be within 30′ of their intended victim. The victim must make a Charisma saving throw against the spellcasting DC of the Bloodstone’s wielder. If they succeed on the roll, they are merely frightened, but are also immune to the Bloodstone’s power for a year and a day. The victim must be a humanoid with at least three levels as an arcane spellcaster.
If the save fails, the wielder of the Bloodstone drives out the victim’s soul and replaces it with their own. They take over the victim’s body, taking on their Strength, Dexterity, and Constitution scores. The wielder of the Bloodstone carries their own Wisdom, Intelligence, and Charisma scores with them.
There is a window of time during which the wielder’s soul might be driven out of the new body – it takes 30 full days to take root in the new body, at which point the old soul becomes a ghost cursed to wander the material plane until it dissipates.
Blue Crystal Staff
The Blue Crystal Staff is, among other things, a Plot Device. It lets you do things like teleport characters out of danger, or into it. It is described as dealing damage to any evil creature that tries to touch it, and also as possessing powerful healing capabilities.
During the Age of Despair, the Blue Crystal Staff should provide the healing abilities of about a 5th level cleric: cure wounds, healing word, prayer of healing, and mass healing word, as well as perhaps remove curse and restoration.
If any creature of evil alignment tries to touch the staff, they must make a DC 15 Dexterity save against 3d6 lightning damage, taking half damage with a successful save. If used as a weapon, the Blue Crystal Staff deals 1d6 bludgeoning damage plus 1d6 lightning damage against enemies with an evil alignment.
Dagger of Magius
There is more than one Dagger of Magius out in the world, as it is a name that any magical dagger carried by arcane spellcasters might have. The original Dagger of Magius, however, is a +3 magical dagger.
Magical scale armor worn by dragon highlords and other powerful dragon-riders in Takhisis’s army during the War of the Lance. It gives a +2 AC bonus and counts as cold weather gear. The armor also gives resistance to an element based on its color: fire for red dragonscale, electricity for blue dragonscale, poison for green dragonscale, acid for black dragonscale, and cold for white dragonscale.
Flute of Wind Dancing
Granted by undersea peoples as gifts, these flutes grant magical abilities to those who play them. A character can cast the following spells once per long rest: fog cloud, gust of wind, wind wall, and control weather.
Footman’s (Lesser) Dragonlance
Similar to an Oathbow, the Footman’s Dragonlance is a +1 lance that deals 2d12 damage against all creatures of the dragon type and 1d12 damage otherwise, with a 10′ reach. This is a basic Dragonlance of the type that would be manufactured by Theoros Ironfeld for use against the Dark Queen’s dragons. It can be forged using the Hammer of Kharas, without the Silver Arm of Ergoth.
Mounted (Greater) Dragonlance
The mounted, or greater Dragonlance is a +3 lance that deals 1d12 damage plus 3d6 damage against all creatures of the dragon type, with an additional 1d12 damage if it comes at the end of an aerial charge. It has a reach equal to the dragon’s bite attack, as each Dragonlance is built for a particular dragon. These Dragonlances can only be forged by a smith using a combination of the Hammer of Kharas and the Silver Arm of Ergoth.
Glasses of the Arcanist
These magical glasses enable the wearer to understand any written text. Using the Glasses of the Arcanist, a character can cast comprehend languages once per short rest.
Glasses of True Seeing
A more powerful version of the Glasses of the Arcanist, the Glasses of True Seeing grant the following magical spells once per long rest: darkvision, comprehend languages, and true sight.
Hammer of Kharas
Using the Hammer of Kharas, a character who is proficient with blacksmithing tools can forge a lesser, or footman’s Dragonlance. Used as a melee weapon, the Hammer counts as a +2 warhammer. When wielded by a dwarf, the hammer also grants the effect of a belt of stone giant strength.
Medallion of Faith
Holy symbols for members of the Holy Orders of the Stars are self-replicating. When a new cleric devotes themselves to the service of one of the gods, another cleric of that god is able to use their medallion of faith to create a new one to give to the new cleric. A medallion of faith can be used to create a medallion corresponding to similar gods, as per the DM’s discretion. (i.e. a medallion of faith in Mishakal probably cannot create a medallion of Zeboim).
A huge black iron mace given to Dragon Highlord Verminaard by Takhisis herself, Nightbringer is a +2 heavy mace. Three times per long rest, upon striking an opponent, the wielder can say the word “midnight” and temporarily blind their foe. They are blinded until their next turn, at which point they can make a Constitution save against a DC of 17 to restore their sight, continuing to make saves each turn until their sight is restored. If they are still within 30′ of the wielder of Nighbringer, they make these saves at a disadvantage.
A magical amulet given by the Master of the Tower of High Sorcery at Palanthas, enabling them to attempt to pass through the Shoikan Grove. When in the Grove, it sheds dim light for 10′, and no undead of the Grove can enter that circle of light. If the person using the Nightjewell makes a weapon or spell attack, the effect is immediately cancelled.
Plate of Solamnus
Created before the founding of the Knights of Solamnia, these suits of magical plate armor were thought to only have been worn by Knights of the Rose until Huma wore one during the Third Dragon War. When worn by a Knight of Solamnia, the Plate of Solamnus functions as +3 full plate armor. When worn by a non-Knight, it functions as +1 full plate armor. When a creature of evil alignment attempts to don the plate, they must make a Constitution saving throw against a DC of 15, taking 3d10 radiant damage on a failed save and half damage with a successful save.
Silver Arm of Ergoth
A magical silver arm that must be used to replace a humanoid’s lost arm. When in place, it functions exactly as a normal arm, but also enables the wearer to attempt to forge a Dragonlance. While wearing the arm, a humanoid regenerates 1 hit point on each of its turns, or about 10 hit points per minute, and will regenerate lost limbs and organs as per the regenerate spell.
Staff of Magius
A magical staff before Magius, who fought alongside Huma, came to possess it, the Staff of Magius passed in time to Raistlin, and later to Palin Majere.
Once per short rest, the staff enables it’s wielder to cast light centered on the crystal at the top of the staff. Once per long rest, the wielder of the staff can also cast feather fall. If someone who is not its possessor touches the Staff, they must make a DC 18 Wisdom saving throw to resist being under the effects of a confusion spell. The staff counts as a +2 weapon when used in melee combat.
The Staff is also a magical artifact and Plot Device which grows in power over time as its wielder grows in power .
A +3 greatsword, once wielded by Steeltoe the ogre bandit, and then by Caramon Majere when he slew Steeltoe. Warbringer would become an heirloom of the Majere family.
Forged during the Second Dragon War to defend the realm of Silvanesti. It is a +2 longsword with a falcon-shaped crossguard. The wielder is granted advantage on saving throws against breath weapons. Once per long rest, Wyrmsbane enables its wielder to cast locate object.
Sister to Wyrmsbane, with an eagle-shaped crossguard. It vibrates in the hand when within 30′ of a chromatic dragon, and dragons are sensitive to the sound of humming that comes from it. It is a +2 longsword that deals an extra 3d6 damage to creatures of the dragon type, and it grants advantage on saving throws against draconian death effects.