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What's so good about Minor Beastslayer anyway? I found mine somewhere (forgot), put it up for 10 silver, and the next day I found 2g 50s in my mail.
It glows. Enchanters sell it for skill ups because it's really the first early thing that people will buy. It's near worthless in most cases, but people want glowing weapons.
I'm not sure why glowing weapons are so important, but I figure it's like ZOMG EPIXXX!!!111eleven Syndrome, where people would rather have a crappy epic(or minor beastslayer) as opposed to a good blue(or useful enchant, such as +3 int for a mage).