The American Heritage® Dictionary of the English Language, 4th Edition
v. To change from one form, nature, substance, or state into another; transform: Alchemists tried to transmute lead into gold. See Synonyms at convert.
v. To change, transform or convert one thing to another, or from one state or form to another.
v. To change, transform or convert to another, or from one state or form to another.
the GNU version of the Collaborative International Dictionary of English
v. To change from one nature, form, or substance, into another; to transform.
The Century Dictionary and Cyclopedia
To change from one nature, form, or substance into another; transform.
Synonyms Metamorphose, etc. See transform.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
v. change or alter in form, appearance, or nature
v. alter the nature of (elements)
v. change in outward structure or looks
Word Usage
"Furthermore, although I've only been able to "transmute" recently, my friend, who has been playing for over a year, has commented that her transmutes for arcanite consistently fetch 3-5G."