What does the Shiny Charm do?

Question

Sorry if it's a stupid question, no one ever told me.

Comments

Increases the chance of finding shiny pokemon

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The Shiny Charm (Which is usually only obtained if your Pokedex is complete, excluding the event legendary Pokemon) will increase your chance of finding a shiny Pokemon anywhere and any time by 300%, 1 in every 2,730 Pokemon you find (Just as Kartillian beat me to saying. *rage quits*).

Answer 1

It increase the chance of finding shiny Pokemon in the wild and by breeding. It can only be obtained by obtaining every Pokemon in the national dex.

Source: http://bulbapedia.bulbagarden.net/wiki/Shiny_Charm
http://www.serebii.net/itemdex/shinycharm.shtml

Answer 2

It increases the likelihood of encountering shiny Pokemon.

The rate gets increased to 1 in 2730, which makes them about 3 times more likely.

Comments

So do you like, make the Pokemon at the front of your party hold it?

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The shiny charm is a key item

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So, it's just in your bag and then the rate goes up?

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yep all there is to it