| concerro |
If you are level one you get a masterwork item for free for your arcane bond, but the rules also allow for magical items to be bonded if you can afford them.
Quote:
A wizard can designate an existing magic item as his bonded item. This functions in the same way as replacing a lost or destroyed item except that the new magic item retains its abilities while gaining the benefits and drawbacks of becoming a bonded item.