What an odd sword--- it almost looks like one one of those that come in by the boat load from China; the blade appears to be, well..., shot, and there is a lot of damage to the hilt. The grip is pukka-- most junkers don't have the ray skin grip. My guess is it's probably genuine, and not very valuable. Two swords in much better condition have sold on eBay in the last week for between $500-600. Using that as a baseline, I'd value this one at $350, tops.