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In terms of gold return. If I'm levelling enchanting by enchanting iron daggers, which enchant gives the dagger the most value? Assuming I'm using just petty/lesser souls.

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Banish is the best for weapons, but what about armor? – Dave Lancea Dec 12 '11 at 21:43

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The value of the enchantment effect in Skyrim seems to be inversely proportional to the # of base uses for that enchantment.

With a ratio of 5.5, the Banish effect gives you the most money per item. You can easily make iron daggers with banish that's worth more than 2000 septiums with a lesser soul gem.

For armor and jewelry enchantments, the Waterbreathing effect is the most valuable for petty soul gems and Fortify Sneak for anything with lesser soul gems or higher. But Banish easily out classes any armor enchantments in terms of profit.

Source

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Apparently the Banish Enchantment.

"If you are mass enchanting your items, it is more profitable to do so with weapons. Weapon enchant prices are calculated by base uses; the fewer base uses an enchant has, the more expensive the enchantment will be. The Banish enchantment is by far the most profitable weapon enchantment."

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Adds about 1000g to an item's price, at minimum, even with petty souls. – Corey Csuhta Dec 12 '11 at 19:27

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