So, there hasn't been any contests in the RPG section yet, and we should change that. This contest will remain open for about one week to allow for creation.

Criteria: Design a Wondrous Item for the Pathfinder system that has a Caster Level of 10 or lower.

~SE++

Is there a limitation on the number of times I can enter? Or more accurately if I post something then think of something better can I then nuke the old one and submit the new?

Sure, but I will only consider the most recently submitted one for consideration.

~SE++

Lantern of Quiet
Aura Faint Illusion; CL 5th; Weight 2 lbs.
Slot None; Price 4,000 gp

Description
The lantern is undecorated, with clear, blue glass panes.
When it is lit, it becomes as though it had the Silence spell cast with it at the center.
Once the duration is up, the fire goes out on its own, and the lantern cannot be lit for the next 24 hours.

Construction Requirements
Craft Wondrous Item, Silence; Cost 2000 gp

Huh. Nice lantern. I think you forgot the price though. Should come to 20,000gp if I've done my math correctly.

I hadn't figured out how to calculate the thing.

I miscalculate the cost of your lantern ST. My bad. I didn't take into account its having only a single charge per day. Should actually be a much more reasonable 4000gp. That's things a discount item. I'd buy one.

Deathmask of Last Thoughts
Aura Faint Necromancy; CL 6th
Slot Head; Price 18,750gp

Description
This ghoulish leather mask is stained with white dye in what could vaguely be called a skull-like image. The whole thing feels slightly cold and clammy to the touch.

When placed upon the corpse of a slain creature the Deathmask breathes a semblance of life into the wearer allowing them to communicate with the living (as the Speak with Dead spell; CL 6th). Though the corpse doesn't have to be entirely intact for the mask to work it must possess what would reasonably pass for a head. The mask grants it's wearer no ability to communicate it did not possess in life.

The Deathmask of Last Thoughts can be used on up to three corpses each day before it becomes inert.

Construction Requirements
Craft Wondrous Item, Speak with Dead; Cost 9375gp

Spell Level (2) * Caster Level (5) * 2000 / (5 / # of charges (1)) = 4000.
Yep, sound about right.

Woot, got two people in this at least!

Also, I've decided to so something potentially incredibly dangerous: I've decided that the winning item is going to get added into my world (possibly with minor tweaks) and a player of my choosing will come across the item in the current Sandbox game, and will be able to acquire it with no fee associated.

~SE++