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No, they're trading them for shells. And almost all the prices are ******ed. Way to go staff, thanks for assuming the unintelligent portion of iEra, AKA the majority of players who even care, would not do this or at least make sane prices that are neither ridiculously cheap to the point of worthlessness or excessivly pricey.
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ATTENTION:
Supply and Demand
Say there are 2 of item X, and I own one. It's an item that many people want, and I'm willing to sell, whilst the other owner is not. Since I'd be the only one selling it, I'm gonna be like, "YA'LL BITCHES BE WANTIN DIS' ****? WELL I NAME DA PRICE, YO, SO YA'LL BETTAH BE READY!" Thus, I name my price of 500k for it, and let someone haggle with me until we both decide on a very ludicrously high price. Since I have it and demand is high, players are willing to shell out more just to brag.