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Runescape sells an item in its shop to convert a piece of worn gear to Vanity. I hate the look of 45 ranger gear and want my old look back. Either let us use lower level gear as vanity or sell and item so we can convert it to vanity.
I think you missed the sell part of this idea; this is a money maker. Is this company not in business to make money? Go grab your finance guy and say "Hey can we make money on this idea?" Or Tell them "Hey I think we can make money on this idea" make money get a big bonus and a pat on the back.