A trade-up vendor would be nice, even if the trade resulted in a loss of IXP. I'd gladly lose some IXP to save my fingers doing a clickfest and save some inventory space.
When my characters are in Moria I'd use the low value ones in conjunction with saved up Rusted Dwarf Tools and Khudzul Tablets. Trade for a bunch of junk LIs then slot them, level them above level 1, and decon them for relics. Nowadays I just sell the excess to a vendor.
Cener, Ingo, Rilibald, Hesred, Halras, Loringo
Arkenstone (ex-Elendilmir) - The Osgiliath Guard