Thank you all for your responses both positive and negative.
The seller said he was confident that it was genuine and that its a good blade.
I did not ask for a guarantee nor was one offered but in the end I feel like I was treated fairly and agreed to a price based on
the fact that is was not papered and I was taking a chance on its authenticity.
The only way to know for sure is to submit to shinsa but based on the information the forum has provided it could be a waste
of time and money.
I don't think it would pass shinsa in its current condition. The hamon is almost invisible, and the hada is good, but hard to see.
Given the nature of the mei, the shinsa team would want to see major characteristics of the blade that are simply not visible in its current state. The Japanese view point is important to consider. Since Token Hozon means a blade worthy of preservation this means a blade worthy of respect. So to have a chance to pass based on the mei in question it should have a decent polish. Seems like a lot of $ invested into this questionable blade.
I follow the advice given to me by another collector to collect what you like. Collect what intrigues you. buy blades that speak to you. As long as you learn from your mistakes without major damage. Doesnt hurt to buy polished papered blades either. If anyone else has some informtion on this Kanemoto feel free to add. Thank you, Kevin