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It's a symbol of being a Pathfinder, and has the ability to cast Light, adds +2 to survival from getting lost, has an incident for an ioun stone, and costs 250 GP. There are other variants that cost a whole lot more, and for some are worth it, while there are also vanities that cost prestige for them. No need to play the confirmation to buy one though, as you just need the gold.
I may be planning on buying an ebony wayfinder, and making it Adamantine for a mere 18,000 gp and 5 PP.
