UO Second Age

At what point are the attributes on a magic item determined?
for example. I fished up a chest full of items. You click on them and it says a magic halberd.
Are the magic attributes (ie a silver indestructible halberd of power) determined when the chest comes up or are they determined when I identify them (either by skill or magic item)?

The stats on magic items are rolled when they come into existence, not when they are ID'ed. As soon as you pull up the chest from the water, all items inside are created and rolled right there on the spot.

Something like that anyway...

Cool thanks!. Wasn't too sure and was wondering