Yes, but then a strange blue party-hat wearing figure will hit you on the head, take it, run, and make you forget the whole thing with a powerful memory-wiping spell, leaving you to come to this forum and ask yet again.
Can I get level 98 magic? (so no one thinks I'm cheating?)
Perhaps, but keep in mind that having the Wise Old Man without "his" partyhat will cause a hole in the fabric of space and time for some unknown reason that will lead eventually to the destruction of the North Pole.
In other words, have fun.
Can I have $30?