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Imo avarice blade is fine, there are those who benefit from it well some just don't. For instance, for gangplank it's pretty much a solid item for him, doesn't mean you have to get it but it is advisable to do so. The crit chance is not far from cape and being 100ish gold cheaper than cape with a gold bonus effect it's pretty decent. What is good about it is just that it adds a good amount of crit chance which actually can be replaced later on. Unlike cape it can not be upgraded again, thus when you sell it back it won't be a waste. Basically an avarice blade acts like an additional crit chance which can easily be sold off later to get a late game crit item.