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I was looking around in the compendium anyway, so I figured I could jot down some magic items that might be good candidates for the 3500 GP of random low-level items we acquired. These are just some ideas, basically things I saw where it was like "well if you don't have a magic item in this slot already, this would provide some small benefit - better than nothing." Josh pointed out we could also pick from low-level potions and/or scrolls (or for those of us who use ammunition, special arrows?) but I didn't even get into that, just permanent magic items. I didn't particularly look for head/neck slot items because we get those, although I did include a few that would be more likely to be useful out of combat, when it's easy enough to switch out whatever you're wearing. I also didn't look for any armor or weapons, on the assumption that we all have better stuff already! Of course the other option would be to assume we just trade them in for cash monies 
If some people want items and some want cash, we could probably divide it up somehow?
That said, here are some things that I thought looked okay - it's by no means a comprehensive list, so if you have something else you're interested in feel free to suggest it!
Burglar's Gloves Level 1 Common
These fingerless black gloves are embroidered with dark red sigils and improve your thievery skills.
Hands Slot 360 gp
Property: You gain a +1 item bonus to Thievery checks.
Headband of Perception Level 1+ Common
This chiffon headwrap is stitched with eye-shaped patterns, which heighten your senses.
Lvl 1 360 gp
Head Slot
Property: You gain a +1 item bonus to Perception checks.
Gem of Colloquy Level 2+ Uncommon
This jewel hovers near your head, sharpening your wit and expanding your knowledge of languages.
Lvl 2 520 gp
Head Slot
Property: Gain a +1 item bonus to Bluff and Diplomacy checks. Understand and speak 1 additional language, chosen at the time of the gem’s creation.
Reading Spectacles Level 2 Common
Your vision blurs the first time you put on these spectacles, then all written text comes into perfect focus and clarity.
Head Slot 520 gp
Property: You can read any language (the spectacles do not grant the ability to speak or write a language).
Sun Globe Level 1 Common
After being installed in a socket on the wall or ceiling, these fistsized crystal globes shed light when commanded.
Wondrous Item 360 gp
Property: You can command this item to shed bright or dim light either 5 or 10 squares in all directions as a free action (or to shed no light).
Boots of Stealth Level 3+ Common
The soft leather soles and down lining of these supple boots quiet your footsteps.
Lvl 3 680 gp
Feet Slot
Property: Gain a +2 item bonus to Stealth checks.
Belt of Vigor Level 2+ Common
This chain metal belt improves your recuperative abilities.
Lvl 2 520 gp
Waist Slot
Property: You gain a +1 item bonus to your healing surge value.
Aldron's Firebox Level 2 Common
This small box is made of darkly stained pine with a number of arcane symbols branded into the side.
Wondrous Item 520 gp
Property: This box unfolds (a standard action) to reveal a magic campfire. This fire is warm, comfortable, and cannot be doused by any action beyond refolding the box (another standard action).
Bracers of the Perfect Shot Level 3+ Common
These enchanted armbands increase the damage you deal with a single ranged attack.
Lvl 3 680 gp
Arms Slot
Property: When you hit with a ranged basic attack, you gain a +2 item bonus to the damage roll.
Catstep Boots Level 3 Uncommon
These enchanted boots reduce falling damage and enhance your acrobatics and athletics skills.
Feet Slot 680 gp
Property: When you fall or jump down, you take only half normal falling damage and always land on your feet.
Power Daily (Free Action): Gain a +5 power bonus to your next Acrobatics check or Athletics check.
Arcanist's Glasses Level 3 Uncommon
These spectacles increase your sensitivity to the subtle patterns of magic.
Head Slot 680 gp
Property: Gain a +3 item bonus to Arcana checks to detect magic.
Cask of Liquid Gold Level 3 Common
This cask contains a never-ending supply of dwarven ale.
Wondrous Item 680 gp
Property: At the start of each day, the cask fills to its full volume with dwarven ale. Any ale taken from the cask evaporates if it has not been consumed when the cask refills.
If some people want items and some want cash, we could probably divide it up somehow? That said, here are some things that I thought looked okay - it's by no means a comprehensive list, so if you have something else you're interested in feel free to suggest it!
Burglar's Gloves Level 1 Common
These fingerless black gloves are embroidered with dark red sigils and improve your thievery skills.
Hands Slot 360 gp
Property: You gain a +1 item bonus to Thievery checks.
Headband of Perception Level 1+ Common
This chiffon headwrap is stitched with eye-shaped patterns, which heighten your senses.
Lvl 1 360 gp
Head Slot
Property: You gain a +1 item bonus to Perception checks.
Gem of Colloquy Level 2+ Uncommon
This jewel hovers near your head, sharpening your wit and expanding your knowledge of languages.
Lvl 2 520 gp
Head Slot
Property: Gain a +1 item bonus to Bluff and Diplomacy checks. Understand and speak 1 additional language, chosen at the time of the gem’s creation.
Reading Spectacles Level 2 Common
Your vision blurs the first time you put on these spectacles, then all written text comes into perfect focus and clarity.
Head Slot 520 gp
Property: You can read any language (the spectacles do not grant the ability to speak or write a language).
Sun Globe Level 1 Common
After being installed in a socket on the wall or ceiling, these fistsized crystal globes shed light when commanded.
Wondrous Item 360 gp
Property: You can command this item to shed bright or dim light either 5 or 10 squares in all directions as a free action (or to shed no light).
Boots of Stealth Level 3+ Common
The soft leather soles and down lining of these supple boots quiet your footsteps.
Lvl 3 680 gp
Feet Slot
Property: Gain a +2 item bonus to Stealth checks.
Belt of Vigor Level 2+ Common
This chain metal belt improves your recuperative abilities.
Lvl 2 520 gp
Waist Slot
Property: You gain a +1 item bonus to your healing surge value.
Aldron's Firebox Level 2 Common
This small box is made of darkly stained pine with a number of arcane symbols branded into the side.
Wondrous Item 520 gp
Property: This box unfolds (a standard action) to reveal a magic campfire. This fire is warm, comfortable, and cannot be doused by any action beyond refolding the box (another standard action).
Bracers of the Perfect Shot Level 3+ Common
These enchanted armbands increase the damage you deal with a single ranged attack.
Lvl 3 680 gp
Arms Slot
Property: When you hit with a ranged basic attack, you gain a +2 item bonus to the damage roll.
Catstep Boots Level 3 Uncommon
These enchanted boots reduce falling damage and enhance your acrobatics and athletics skills.
Feet Slot 680 gp
Property: When you fall or jump down, you take only half normal falling damage and always land on your feet.
Power Daily (Free Action): Gain a +5 power bonus to your next Acrobatics check or Athletics check.
Arcanist's Glasses Level 3 Uncommon
These spectacles increase your sensitivity to the subtle patterns of magic.
Head Slot 680 gp
Property: Gain a +3 item bonus to Arcana checks to detect magic.
Cask of Liquid Gold Level 3 Common
This cask contains a never-ending supply of dwarven ale.
Wondrous Item 680 gp
Property: At the start of each day, the cask fills to its full volume with dwarven ale. Any ale taken from the cask evaporates if it has not been consumed when the cask refills.
