Cold Eye Basilisks (marked RED on the map) - Western shoreline of the middle Stranglethorn Vale is infested with deadly Basilisks. These monsters are a good source of Heavy Leather and Thick Leather (we recommend Skinning for this spot), they also drop a lot of Vendor Trash Items (Curved Basilisk Claw, Intact Basilisk Spine, Large Basilisk Tail, and Squishy Basilisk Eye), Large Fangs (used in Leatherworking, Blacksmithing, and Alchemy Recipes), Wicked Claws (used in Leatherworking and Blacksmithing Recipes), 12 Slot Bags, and most importantly, Cold Eye Basilisks have a small chance to drop the Cold Basilisk Eye (a level 35 BoE Trinket, that can be very valuable, because useful Trinkets are rare in Classic). Recommended Level - 38+.
There are 5 Dreaming whelps and 7 adolescent whelps spawns, They drop the small flame sack which sells for a decent amount at auction house or can be used to make fire protection potions. The sacks have around 10% chance to drop and it's one of the main reasons you want to grind here. On top of this you'll get lots of grey items, green and blues with a higher chance than your average mob. If you are not aware yet, dragonkins have the best loot table in the game while having less HP and armor... making them easier to kill, assuming you're not fighting elites...
Legashi Satyrs (marked RED on the map) - Lageshi Satyrs, found in the northern Azshara are a great source of Runecloth, very valuable Felcloth (the main source of income from this spot), various Vendor Trash Items, and some Pocket Money. They can also be Pickpocketed, so Rogues will make additional Gold in this Spot. They have an annoying Mana Burn ability, so using an Interrupt is in order for all mana-based Classes. Satyrs also carry some Demonic Runes, that can be used to restore Mana at the cost of Health (basically, a Life Tap ability in the form of a Consumable. Those can't be sold on the Auction House, sadly, but are very useful nevertheless). Recommended Level - 50+ (52+ to be extra safe as Satyrs can be problematic because they tend to run away on low health and pull additional enemies).
Whelgar's Excavation Site - This Dwarven excavation site was overrun by Raptors (Mottled Scythemaws and Mottled Razormaws). These reptiles are a great source of Medium Leather (you should have Skinning Profession if you want to farm here, as a very large portion of income that comes from this spot is acquired by Skinning Raptors). They also drop some Vendor Trash Items and Raptor Eggs (these are convenient, as a Cooking Recipe for them comes from a Quest that is located just above the Site) that can be used for Leveling up Cooking Skill. However, the best part about this spot is that both Raptor types present here drop level 19 Twink Gear (Feet of the Lynx, Sentry Cloak, Redbeard Crest, and Twisted Chanter's Staff) that will achieve astronomical prices at the later stages of the Game (drop rates are very low, so some RNG is involved, sadly). Recommended Level - 25+.