It should work fine, but only at a caster level of 1. Here's why.
http://www.d20srd.org/srd/magicItems/creatingMagicItems.htm
These prerequisites must be met for the item to be created. Most of the time, they take the form of spells that must be known by the item’s creator (although access through another magic item or spellcaster is allowed).
Creating an item requires one day per 1,000 gp in the item’s base price, with a minimum of at least one day.
The act of working on the wand triggers the prepared spell, making it unavailable for casting during each day devoted to the wand’s creation. (That is, that spell slot is expended from her currently prepared spells, just as if it had been cast.)
Tempest_Stormwind wrote:
The grease cast from the wand would be caster level one, and thus could only provide a caster level one grease, never mind the number of times it's used. So no.
To make a caster level two wand would require two uses of grease, 'tis true, but they would both have to be caster level two.
NineInchNall wrote:
Don't feel too bad. There's some degree of social pressure amid tabletop gamers to avoid significant rules mastery. *shrug* You probably would have been labeled a "munchkin" or "bad RPer" if you'd kept the wands and scrolls and staffs to yourself. 
That's my experience, anyway.
Hey, as long as those scrolls and stuff were all valued fairly when treasure distribution was made there shouldn't be an issue. The issue is when all of some kind of treasure automatically goes to a certain character BEFORE it's valued and thus gets counted as shares of treasure.
StevenO wrote:
It can become a bit fiddly with charged magical items, since they can potentially be used for the party; and scrolls are a bit more complicated for the wizard since they can be used either to cast a useful effect for one or more party members or to permanently improve the wizard's own repertoire of spells. On one hand the wizard can potentially gain a permanent self-improvement that she should reasonably pay for, while on the other, she could be casting a single spell that only benefits other party members, which wouldn't be fair to count as her personal treasure.
Wands and staves are easier, since they can't be used up to fill a spellbook, but you still have that issue of deciding who pays when the charges of the item may not all be going to the person who would be most likely to buy it. I know quite a few groups keep charged items in a party pool and just use them as needed.
Tempest_Stormwind wrote:
Tempest_Stormwind wrote:
Tempest_Stormwind wrote:
SkilgannonTheMagnanimous wrote:
StevenO wrote:
Slagger_the_Chuul wrote:
StevenO wrote:
Because if those spells were aquired some via some other method then they WOULD cost the wizard something.
If the fighter uses the magic sword does that count against his share of the treasure? No: Then maybe the wizard getting to copy all those spells works. Yes: Then the spells the wizard borrows should also count against his treasure. Here the comparison is simply that the fighter is using that magic sword for a limited period of time (this is the wizard copying spells) and when he's done with it then it can be sold and the party can split its value at that time.
Hypothetically lets say that all the treasure a party gets is in the form of captured spellbooks full of different spells. Now I'll give you that it may cost the wizard a small amount to copy those spells into his own spellbooks but if you say that once that is done the books are sold and he gets his equal cut for the sale. In the great equipment race he may fall a little bit behind but the cost of scribing spells is dirt cheap considering the power that spells contain.
StevenO wrote: