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function sellItem(item)
	-----------------------------------
	-- NORMAL ITEMS                  --
	-----------------------------------
	if item.quality == ItemQuality.Normal then
	
	-----------------------------------
	-- SUPERIOR ITEMS                --
	-----------------------------------
	elseif item.quality == ItemQuality.Superior then
	
	-----------------------------------
	-- MAGIC ITEMS                   --
	-----------------------------------
	elseif item.quality == ItemQuality.Magic then
	
	-----------------------------------
	-- SET ITEMS                     --
	-----------------------------------
	elseif item.quality == ItemQuality.Set then
	
	-----------------------------------
	-- RARE ITEMS                    --
	-----------------------------------
	elseif item.quality == ItemQuality.Rare then
		-- mThreshhold is used for setting the point where an item reaches minimum quality
		mThreshhold = 5
		mTotal = 0
		
		if item.flags.Identified == true then
			-- Circlets
			if item.baseItem.type == ItemType.Circlet then
				-- +2 Class skills or +2 specific skill tab
				if checkModStatType(item, StatType.ClassSkillsBonus) >= 2 or checkModStatType(item, StatType.SkillTabBonus) >= 2 then
					if checkModStatType(item, StatType.FasterCastRate) == 20 then
						mTotal = mTotal + 2
					end
					
					if checkResists(item, "1111", 0) > 10 then
						mTotal = mTotal + 2
					end
					
					temp = checkModStatType(item, StatType.Sockets)
					if temp == 1 then
						mTotal = mTotal + 1
					elseif temp == 2 then
						mTotal = mTotal + 2
					end
					
					if mTotal >= mThreshhold then
						return false
					end
				end
			end
		end
		
		return true
		
	-----------------------------------
	-- UNIQUE ITEMS                  --
	-----------------------------------
	elseif item.quality == ItemQuality.Unique then
	
	-----------------------------------
	-- CRAFTED ITEMS                 --
	-----------------------------------
	elseif item.quality == ItemQuality.Crafted then
	
	-----------------------------------
	-- MISC ITEMS                    --
	-----------------------------------
	-- Items like gems, runes and potions fall under Misc
	else
	
	end
	
	return false
end

-- checkModStatType
-- Checks modName against item.mods[].Stat.Type
-- Req: None
-- Ex: checkModStatType(item, StatType.ClassSkillsBonus)
function checkModStatType(item, modName)
	for i = 0, item.mods:size() - 1 do
		if item.mods[i].Stat.Type == modName then
			return item.mods[i].Value
		end
	end
	
	return -1
end

-- checkResists
-- Checks for resists and returns the chosen value type
--
-- wRes is a mock bitfield; checking all resists would be 1111
-- 1 1 1 1
-- | | | |_ Poison
-- | | |___ Cold
-- | |_____ Lightning
-- |_______ Fire
-- 0 means it doesn't check for the resist. It does not mean
-- it will fail if it _does_ exist.
--
-- rType is the return value type
-- 0 - Lowest resist value
-- 1 - Highest resist value
-- 2 - Average resist value
--
-- Returns -1 if the resists are not found
-- Req: checkModStatType
-- Ex: checkResists(item, "1111", 1)
function checkResists(item, wRes, rType)
	nRes = 0
	highest = 0
	lowest = 300
	total = 0
	
	for i = 1, 4 do
		if string.byte(wRes, i) == 49 then
			temp = checkModStatType(item, (i + (i-1) + 38))
			if temp ~= -1 then
				if temp > highest then
					highest = temp
				end
				if temp < lowest then
					lowest = temp
				end
				total = total + temp
				nRes = nRes + 1
			else
				return -1
			end
		end
	end
	
	if rType == 0 then
		return lowest
	elseif rType == 1 then
		return highest
	elseif rType == 2 then
		return math.floor(total / nRes)
	end
end