The Wooden Cap is actually not a good deal when it can first be bought because of its hefty price tag and how little money comes by at that early point in the game, but primarily because of other equipment that is sold alongside it. In Bilibin where it can first be bought, the Open Helm is also first bought there, and it practically has the same defense rating (9) but costs less than half as much as the Wooden Cap. It would be quite strong to buy two Open Helms for Isaac and Garet, and not even buy a Wooden Cap for Ivan because it is only a scant few defense points higher than his Circlet. The benefit of conserving and wisely using your limited amounts of coins is the reason why wooden caps are not so beneficial to invest in even though at that point it is, in the most technical sense, the