Even though its max stack is 1, the player is capable of throwing limitless number of daggers while the first is still airborne.
The Magic Dagger acts like a regular Throwing Knife when thrown. It will fly in the air for a moment and when the maximum distance is reached, it plummets towards the ground in an arc.
Capable of piercing multiple enemies, great for multi-segmented monsters.
The Magic Dagger can be a very effective weapon if you have a Mana Flower equipped as you can almost infinitely throw it as long as you have enough mana potions.
Combined with the fact that Mimics drop up to and over 10 , farming this dagger can be an efficient money making tactic, as it sells for an additional 20 .
It has the same sprite as the Throwing Knife, but with a yellow tint.
It costs 1 coin to reforge this, like the Ice Rod.