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Ghost touch

(Dungeon Master's Guide v.3.5, page 224)

Price (Item Level): 2,300 gp (6th)
Body Slot: Melee Weapon
Caster Level: 9th
Aura: Moderate; (DC 19) conjuration
Activation:
Weight:

A ghost touch weapon deals damage normally against incorporeal creatures, regardless of its bonus. (An incorporeal creature’s 50% chance to avoid damage does not apply to attacks with ghost touch weapons.) The weapon can be picked up and moved by an incorporeal creature at any time. A manifesting ghost can wield the weapon against corporeal foes. Essentially, a ghost touch weapon counts as either corporeal or incorporeal at any given time, whichever is more beneficial to the wielder.

Prerequisites: Craft Magic Arms and Armor, plane shift.
Cost to Create: 1,000 gp (plus 300 gp for base item), 80 XP, 2 days.