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I think Ikevi meant to say Incinerate it at the campfire. Thats what most people did post-Rise update with old crafting mats.
To learn dismantling you need to get a proficiency up to 100.
However, before you incinerate I would take an inventory of what old items you have. There are collectors out there they may want certain items. For example some people like weirdly named items like the 'weathercock' for use in megas. You never know but worth posting your inven for people to take a look before you incinerate it.
This makes it probably the worst Golden Time event since the beginning of Vindictus, at least that I have experienced. And the rewards ain't even that great overall.
That 7 day storage with an expiration date is the best golden time prize ever lol. Honestly though this is more like 'Copper Time' than 'Golden Time'.
One thing that gets me is that they bundled the titles with other prizes that I wish I could split between characters.
The stats of the Mercenary Grade 7 totem is not the same stats as the Vampire Spellbook (although the icon is the same).
Worth noting that these sets cannot be enhanced until they are reforged.