One of the big things in fantasy books happens to be oddly controversial too. The use of magical items is common, but many people disagree with how they should be used. Some people don’t want them at all in the stories unless they’re an ancient item of great power that is essential to the plot. Others think they should be forbidden items and only villains have them even if there is a heroic spellcaster. On the other end of the spectrum, you have worlds where magic items are commonplace such as Harry Potter. I could keep going with the list of beliefs on magic items, but I’m sure people will voice some more in the comments.
Personally, I think it depends on the world and characters. If it is a low magic world then items of power shouldn’t be common. Of course, the exception would be if the only sources of magic are these items, so they’ve been mass produced. Now a world with magic everywhere like Windemere makes it believable that such items are easy to find. There would be stores for magic rings with high prices and not every magic item will have the power to change the world. For example, there is a class of item called Durable Gear, which means they’re stronger than normal items. As the Lich says ‘everyone and their dog seems to have one of these items’. Nobody said a crafting caster couldn’t be in it for the money.
There is also a question of who can wield magic items, which is another world-dependent entity. I’ve never understood the idea that only spellcasters can use magic items with the exception of scrolls and wands. A magic sword is something that sounds like it can be used by anyone who can swing it. If the system states that one needs to study magic to awaken an item’s power then that’s how the world works and I’ll go along with it. I might question a spellcaster wielding a magical great axe, so I think the items have to be crafted accordingly. I’ve gone for magic items that everyone can use if they are in the proper situation. Luke’s new ring requires a catalyst as do a few later items.
So, what do people think of magical items in stories? Do you want them to be around, limited, or absent?