Dear customer, Thank you for contacting Mearto with your appraisal inquiry. My sincere apologies for the delay with the appraisal. The presented object appears to be a modern katana sword. This katana has a folded blade with a visible Hamon line. The tsuba has a wave motif. The details of the craftsmanship and the condition indicate that this sword was made in the 20th century. Comparable objects were recently offered and sold on the international auction market. This piece is in good condition and there is no serious damage visible in the images provided. A fair market estimation would be between 100 to 250 USD. This estimate is based on actual recent past recorded auction sales of comparable items. Retail "asking prices" can be higher and may vary. With kind regards, George