is there anything you can do with these items? are they of any value or should i just donste/sell them?

the golden trinkets are from an old omen island event and are useless

steamworks and lounge trinkets are a currency and are valuable

snippets of paper are useless.

Sorry no, the user above doesn't know what she's talking about. The snippets of paper got reclassified as items that Quentin will take, the same will likely happen with the Trinkets if it hasn't already.

quentin? i havent been here for awhile lol.

I thought the trinkets were still used as currency? I've been gathering a few here in there and adding them to my currency so I can buy some of the items from the Steamworks Menagerie and Libertine Lounge. I've yet to buy anything as I don't have many trinkets... is this not a thing anymore? Did I waste sP?

Also does that mean that the Masquerade is no longer a thing or are they replacing the trinkets with something else?

As said, Menagerie and Lounge Trinkets are still currency.

Quentin is a quest giver, they sometimes ask for holiday items so if you do their quests, the snippets of paper might be worth holding onto just in case, but if you don't then no, they don't have another use.