This item is required for the quest "Lohie's Music Exhibit" listed above. The other items required are more or less garbage for bards to use but now have a use because of this quest. This item however is a very good drum and worth more than the end result of the quest, plus it is uncharacteristic of the other items required due to it's rarity and usefullness. Makes me think they are either gonna nerf this and make it a more common drop from general grimlings or change the quest to require a different item.
Anyone seen another similar named item that is a common drop?