most valuable item in oblivion
1 The most powerful armors and weapons are now harder to find. Normal enemies like bandits for example will mostly wear normal stuff even at higher levels. Bosses, Oblivion and quests are the main source of better stuff.  Most valuable loot, such as gold, gems and rare items, will be found in the 'boss' containers. Other containers will mostly have mundane, yet useful stuff like potions, scrolls, lockpicks, hammers, and so forth.