Since the release of the Mists of Pandaria for World of Warcraft, the valor point cap per week has been adjusted to 1000 valor points per week.
For one of the daily quests for the Order of the Cloud Serpents you can earn valor points for competing in a race on your cloud serpent;
I am already valor capped this week, does using this item still give me 15 valor points (thus ignoring the cap) or are they wasted because I am over the valor point cap already?