I searched quite a while for it on several occasions. I know that more than 1 planks have been up at the same time (after resets) at various locations.
I suspect that a few planks spawn every 8 hours or so. The best way to get one is to leave a toon camped out at a known location, and pop in to check if its up every few hour, or early in the morning. Thats how i got mine. Little did i know that bards cant use it
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Dolic