• A closed ancient spellbook in a player's inventory.
  • An ancient spellbook on the floor.
The ancient spellbook is an inventory item that can hold 8 scrolls from the user's currently focused magic school. It is a rare drop from the Lich.

Lysis will buy the Ancient Spellbook for 330 gold.

Usually a player will carry around one of these for the extra scrolls, but it's impractical to carry only Ancient spellbooks, as you can only carry scrolls of your school...