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I never converted FS and never would. Here is why:
My favorite FS hunting place is Highhold Keep guards. Guards drop FS short swords that sell for about 5.5pp each.
I COULD melt them down to convert them to high quality ore, but I get nothing but a small brick each. It takes 3 small bricks plus 1 water to make 1 large brick needed to make 2 rings. Given the expected 5% loss, on average you are going to fail 1 out of every 20 attempts to make a large brick from 3 small bricks. So, statistically, you are going to need to melt down 63 FS short swords to make 20 large bricks (20x3, plus an extra 3 for the 1 out of 20 small-to-large-brick conversion failure).
Had you sold those 63 FS swords, you would have gotten about 346.5pp.
Guess what? For 346.5pp, you could BUY 19 large bricks of HQ ore, and only have to invest a few more plat extra to buy number 20. No dragging FS to forges, no conversions to screw up, no small brick to large brick conversions, just 19 lovely large bricks ready to get carved up into rings.
In the case of HHK guard farming, there is no forge at HHK, so I would have to drag the heavy swords to a forge somewhere to convert. It is far easier to sell them right at HHK (there is an erudite merchant who will sell even when you are hopelessly KOS there); as a shadowknight I can even FD bank there.
And short swords are among the least profitable of those weapons that convert to only 1 small brick; many weapons that sell for more only yield that much.
Farm fine steel for plat to buy ore, not to convert into ore.
...Zera
My favorite FS hunting place is Highhold Keep guards. Guards drop FS short swords that sell for about 5.5pp each.
I COULD melt them down to convert them to high quality ore, but I get nothing but a small brick each. It takes 3 small bricks plus 1 water to make 1 large brick needed to make 2 rings. Given the expected 5% loss, on average you are going to fail 1 out of every 20 attempts to make a large brick from 3 small bricks. So, statistically, you are going to need to melt down 63 FS short swords to make 20 large bricks (20x3, plus an extra 3 for the 1 out of 20 small-to-large-brick conversion failure).
Had you sold those 63 FS swords, you would have gotten about 346.5pp.
Guess what? For 346.5pp, you could BUY 19 large bricks of HQ ore, and only have to invest a few more plat extra to buy number 20. No dragging FS to forges, no conversions to screw up, no small brick to large brick conversions, just 19 lovely large bricks ready to get carved up into rings.
In the case of HHK guard farming, there is no forge at HHK, so I would have to drag the heavy swords to a forge somewhere to convert. It is far easier to sell them right at HHK (there is an erudite merchant who will sell even when you are hopelessly KOS there); as a shadowknight I can even FD bank there.
And short swords are among the least profitable of those weapons that convert to only 1 small brick; many weapons that sell for more only yield that much.
Farm fine steel for plat to buy ore, not to convert into ore.
...Zera
Seasons.
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