Renamed weapons/tools/armor fail to drop from the inventory the first time

When you rename any weapons/tools/armor in your inventory and attempt to drop it, the said item fails to drop the first time, so you have to attempt to drop it again with the Q key.

How to Reproduce
1. Rename any weapons/tools/armor in your inventory.
2. Drop it.

Observed Result
The renamed weapons/tools/armor fails to drop from your inventory the first time. Only the second time it works.

Expected Result
The renamed weapons/tools/armor drop normally like non-renamed items should.