Precious Sword? What does that mean?

I understand highly salvageable? But what does it mean when an item says precious after identifing it?

Thanks in advanced!

I believe it means it is worth a lot of gold. Sell it to an outfitter, if you can't use it.

Every 'Precious' weapon I've come across has been worth 50 gold regardless of stats... This is always more than some really nice damage weapons I've found that only sell for 20-30 gold.

/em hisses

I wants it. Me precious. Thieving Baggins took it.