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This is probably an easy question to answer, but I've never thought about it until now. Weapons whose sharp ends are made with alchemical silver deal 1 less damage than normal on a successful hit. Does this hold true to magic weapons made with alchemical silver, as well? For instance, the shifter's sorrow in Ultimate Equipment is a +1/+1 two-bladed sword with blades of alchemical silver. Does it have this -1 penalty to damage?
At a price of 12,780 gp to buy, and 6,780 gp to make, you'd think the buyer/crafter would have enough money to make the darn thing out of mithral to avoid that -1 damage penalty.
17,600 gp to buy, 11,600 gp to make if it was mithral instead of alchemical silver.
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Yup that's about right. Base weapon with no magic added shows the difference quite well too:
Alchemical Silver Two-Bladed Sword:
Base: 100gp
MW: +600gp
Alc. Silvering: +180
Total: 880gp
Versus:
Two-Bladed Sword:
Base: 100gp
MW: +0 (covered by the material)
Mithral: (500gp per pound) +5,000gp
Total: 5,100gp
That's even before you add any magic to it. So in the long run, Alc. Silver does have a small drawback, but it's WAY cheaper.