There has got to be something screwy with the loot randomization. The last game I played, I must have found 8 pair of gauntlets, but not much else armor-wise. I just started a new game, and so far my loot consists of 3 Hate stones, 3 compasses, a Champion spear, and 2 poison daggers that I have not seen in about 10 previous games (but I have 2 now). So 8 of 9 pieces of loot are duplicates. There must be something that is causing this. Maybe it is just a statistical oddity. If not, perhaps the loot picker could slightly reduce the likelihood of a piece of equipment being chosen a second time (or third, or fourth).