From
http://www.mmo-champion.com/content/...e-Broken-Shore
"Dauntless tokens can be purchased for all armor slots. Simply use the token to create an item for your specializations.
The minimum item level of Dauntless items is 850. These items have a chance to be Warforged, Titanforged, etc.
Dauntless tokens can also be looted from mobs and containers (Curious Wyrmtongue Cache, Legionfall Recompense, etc.) in the Broken Shore.
The more expensive Relinquished tokens will create a higher quality, higher item level item than Dauntless.
Relinquished tokens can give you items from dungeons and raids, including Legendary items."
Only relinquished can give legendaries.