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Are tiers just rarity or is that something else?

Tiers scale with your Curse Level and the higher the weapon tier is, the better the stat scaling. So a common Tier 10 equipment might outclass a Legendary/Mythic Tier 1 equipment. I should have clarified it in the documentation.

(+1)

Is tier a hidden number? As in does it not show the tier in the weapon itself when clicked on.