Well, if one single armor was worth more than the whole Shire, then it was certainly very rare. Some was probably traded with the elves of Eregion(if they had discovered Mithril in the Second Age?), but the most held in Khazad-Dûm. Later it was probably robbed by the orcs.
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"Out of doubt, out of dark to the day's rising I came singing in the sun, sword unsheathing. To hope's end I rode and to heart's breaking: Now for wrath, now for ruin and a red nightfall!"
~Eomer
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