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Glimmering Mithril Insignia vs Alchemist's Stone

Glimmering Mithril Insignia
Binds when picked up
TrinketMail
+100 Bonus Armor
"Courage, Honor, and above all, Patience"
Sells for 1 Gold 64 Silver 64 Copper to vendors
Item Level 50
CHANGED Changed in Forever: type, stats, effects.
Alchemist's Stone
Binds when picked up
Trinket
+4 Spirit
Requires Level 45
"Can be used for transmutations in place of a Philosopher's Stone."
Sells for 2 Gold 50 Silver to vendors
Item Level 50
CHANGED Changed in Forever: name, quality, item level, required level, type, stats.

Side by side:

Set your class weights in Preferences to see which is better for you.

Stat Glimmering Mithril Insignia Alchemist's Stone Δ
Item Level 50 50 0
Required Level 45 +44
Spi +4 +4
Armor +100 −100
Total Stats 4 +4
Sell Price 1g 64s 64c 2g 50s +85s 36c
Binding Binds when picked up Binds when picked up

Δ is Alchemist's Stone minus Glimmering Mithril Insignia: green where Alchemist's Stone is better, red where it is worse (a lower required level is better; speed and sell price have no better side). Total Stats adds up Str, Agi, Sta, Int and Spi.

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