I'm currently trying to get a rough overview of how much wealth my party has, since to be honest I have no idea right now.
I'm not sure if I should value their magic items (most of which they have found and not bought or crafted) at their Prize or the Cost (as that would be the money they'd get if they sell it)?
Would a Cloak of Resistance +1 be valued as 1000 gp or 500 gp?
I tend to the former, but arguments to the contrary are welcome :)
Go by price, cloak of resistance = 1000 gp.
The wealth reflect their capabilities, not how big a tavern they will get when they retire and sell everything in their possession.
Yes, did that now. Seems my party is a lot closer to where they should be than I would have guessed, so have to be careful with loot now.