You can see no flaw in the tusk. A tusk such as this might command coin from Men or admiration from the dwarves, but in the hands of an Elven weaponsmith this tusk could become a deadly weapon. A weaponsmith of sufficient skill might dwell in Rivendell.
Background
Your encounter with a ferocious boar not far from the Great East Road yielded a boar-tusk of surprising strength and beauty.
Objectives
Objective 1 Bring the Perfect Boar-Tusk to an Elf Weaponsmith in Rivendell
An Elf weaponsmith in Rivendell might be able to craft the boar-tusk you obtained into a deadly weapon.
Rivendell might be the home of a weaponsmith able to work with the boar-tusk you obtained.
Notes
The Weaponsmith (an elf named Durvenel) is located at 29.2S, 6.2W in Rivendell.
Yes. It's one of a handful of items that drop off various beasts and have accompanying quests to deliver the items to a crafter for a "masterfully-crafted" item. Not such hot items, though.