Originally Posted by
Azshira
5(a) How to get the Elder Charm of Good Fortune?
There is a weekly quest received at your faction's Shrine in the Vale of Eternal Blossoms (level 90). This quest will require you to collect 90 Lesser Charms of Good Fortune which can be obtained by doing daily quests throughout Pandaria. When you complete the quest you receive 3 Elder Charm of Good Fortune.
Elder Charm of Good Fortune
5(b) The Elder Charm of Good Fortune:
The Elder Charm allows a player to have an extra chance at obtaining an item from a boss. This chance does not impact anyone else's chance of loot, it is a personal roll the game decides for you. You will always win something, gold, flasks or even an item from the boss's loot table, the extra item is a very low chance, but a chance regardless. This chance can occur only in raids, be that LFR, normal or heroic.