A dummy is created during the Love Story quest to break the magical traps in Zenevivia's house. It is created with 2 oak planks, 1 mithril bar, and 1 clockwork. You can use high alchemy on it, but this yields 0 coins.
It is believed that it can be abandoned after you get to the basement staircase, but be sure all traps are sprung before hand or you may need to make another.
|Part 2 of the Wise Old Man quest series|