TBH, that's about right, I did both pre- and post-cata loremasters and I have only 83 helmets, 128 staves, etc... 3/4 of those are shitty greens from Vanilla and TBC, people tend to forget that significant majority of quest rewards shared same models and even colours. Blizz always LOVED to reuse as many item models as they could.
And dun forget that back in the day quests quite often didn't reward anything you could equip, system wasn't as smart as it is now. It's quite normal to complete a quest and get leather, mail or plate armour for a clothie.
Dunno if anyone knows, but if you faction transfered, a lot of quest stuff is bugged. I ticketed about not getting Quel'Delar and was told this: http://puu.sh/qcFku/3891cb28d3.png
Thanks to proof others the system isn't working as intended and it's still full of bugs and things which ain't working as they're supposed to. But yeah I get called a negative nanny in this and other topics for it (and a liar too).
Pity they released this wonderful feature without making it work as intended.
Thank you for the info tho ^^.
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