I think the main reason for the glut of low/mid metals is not as much the player base at it is the nature of the player base—that is that once you class, the time it takes until you are using the best types of weapons, and especially armor, for your class, is nowhere NEAR what it used to be. I spent 2 years , 94-96, as a level 9-12 fighter who seemingly had Dagda’s Svaerd permanently lodged in my throat. Now, as soon as anyone gets the hang of the game, it’s smooth sailing to full suits of ac9. Back then, I would always buy ac4 to the limbs and 6 to the head and body. Now, there’s no stumbling blocks that keep you in that niche market for long.
A word about alloys—they should be a SMITH skill, not a smelter skill. A smelter sells the metals to a smith—the smith makes alloys out of them. Or else, it’s heavily slanted toward smelters. For instance, say steel/silver makes mithril. Steel and silver get bought at .5, maybe 1 per? meanwhile mithril gets bought for 3 per and sold for 5-6 (roughly). That’s an insane profit for smelters, not to mention any movement of steel and silver is going to be welcome, as I believe most smelters have a crazy existing stock of them. When there is an excess stock, the smelter gets all of it sitting around. If alloys are handled on the smelter side, smelters are going to get a sudden infusion of cash as they suddenly have a crapload of highs that they bought dirt cheap, and can still sell at normal prices to a smith. However, if they were able to sell those lows at normal or slightly elevated prices to a smith, that would be a welcome infusion for both, I belive.
a word about socialization of smiths and smelters—divvying up city contracts shouldn’t be to hard, even without an auction. Just assign a percentage of the business to each city guild, dependant on total assets—the poorer guilds get the most help. It’s not like we have a ton of guilds around anymore.
maybe the smelters can disaffirm my idea that smelters have tons of low stock sitting around gathering dust, but I think that’s the way it is, currently.
This whole post came off a little pushy. I didn’t intend it that way, I’m just irritated and bored at work. I’m also to lazy to go back and edit for politeness. Just take it with a grain of salt.