updated for 2.0
always good to have a shield but you of course can't carry them with a 2 handed weapon or a bow but you can use arrows w/ a bow instead of a shield, shields are very useful they give you a chance to block incomming pysical dmg and can reduce magic assaults as well. MR = magic resistance
Wood shield: 60% -3 dmg
Bronze Shield: 40% -4 dmg 10% MR
Silver Shield: 50% -4 dmg 15% MR
Gold Shield: 60% -4 dmg 20% MR
Void Buckler: 50% -4 dmg 30% MR
Stone Shield: 40% -8 dmg +8 armor
Bone Shield: 60% -6 dmg 20% MR has a small chance to summon a dry bones or skeleton archer when your attacked
Cursed Shield: 75% -13 dmg 40% MR this shield is cursed!
Enchanted Shield: 30% -18 dmg 50% MR casts an enchanted shield adding 10 armor
Spirit Ward: 10% -100 dmg 50% MR +50 mana replinishes 6 mana when u kill a monster
Black Oak Shield: 50% -12 dmg 50% -12 dmg 30% MR (has 2 chances to block)
Serpent Scale Shield: 60% -28 dmg 20% MR
Prismatic Ward: 50% -25 dmg 50% MR
Fluffy Guard: 100% -15 dmg 30% -18 dmg 50% -25 dmg
Arrows:
Wood Arrows: +1 dmg
Death Arrows: +2 dmg raises a dry bones when you slay an enemy
Sky Shroud Arrows: +4 dmg