One involves a precious metal alloy, while the other is a surface treatment. The first represents a composition where silver constitutes 92.5% of the total, with the remaining 7.5% typically comprised of another metal, usually copper. The second describes a base metal, such as brass or copper, coated with a thin layer of silver through electroplating.
Understanding this distinction is crucial when evaluating the value, durability, and potential longevity of an item. Items crafted from the former option tend to possess greater intrinsic worth and resistance to wear, potentially becoming cherished heirlooms. The latter offers a more cost-effective alternative, providing the aesthetic appeal of the precious metal at a lower price point, though it is susceptible to tarnishing and the eventual wearing away of the outer layer.