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Because they're really pretty...and shiny... and the people who own them are more like raccoons than sailors... and they want pretty, but not very functional anchors.
Stainless steel, when submersed in mud, sand, etc, is going to suffer from oxygen deprivation, crevice corrosion, and other issues. It is going to get scratched up, and suffer from corrosion where ever the finish is marred... and one day, with little or no warning, the anchor's stock or some other important bit is going to snap under load and put your boat up on the rocks...
As Cam points out, the majority of boats that have stainless steel anchors are marina queens, and rarely anchor out, if at all.
Stainless steel, when submersed in mud, sand, etc, is going to suffer from oxygen deprivation, crevice corrosion, and other issues. It is going to get scratched up, and suffer from corrosion where ever the finish is marred... and one day, with little or no warning, the anchor's stock or some other important bit is going to snap under load and put your boat up on the rocks...
As Cam points out, the majority of boats that have stainless steel anchors are marina queens, and rarely anchor out, if at all.