If the anchor is in otherwise good shape, you can have it professionally regalvanized using a hot-dip galvanization process. This is far more durable than any spray coating. The company will prep the metal, removing the surface rust and re-galvanize the anchor.
However, it depends on what kind of anchor it is. Some of the smaller, older designs are probably not worth re-galvanizing, as getting a new one would be not much more money than getting it re-galvanized.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.