Marcin

With blade that old with such a dark, dense jigane it's nothing. Rai?

In his other auctions [however shorter blades] certificate is plain visible at main picture.

This ware runs through entire bohi? Marked spot looks like fukure to me especially with left part already delaminated. How old is this blade?

Dunno how to explain that buying sword in such a shape wasn't with profit in mind.

More like a private matter

@Volker62I want your opinion about blade but you blocked dms

Looked like it needed around 5k$ more of investment so it wasn't "worthy" from beginning. At least in monetary terms. Only tokuho would be somewhat worthy of fuss.

Yes when I saw it I knew It's worthy and would require more money. It's variation of example "K/M" from his years as head of the prison [supposedly 1940-1943] https://japaneseswordindex.com/emura.htm Even important quote: "Kiyoshi Morita noted that Emura exhibited his swords at the 1st Gunto exhibition in 1943; these were signed as being from Doshu in Kochi prefecture (mei "F"), not from Bishu in Okayama (mei "H,K,M"). This would lead one to speculate that before 1940 Emura was in Takamatsu city in Kagawa prefecture in Shikoku. Around 1940 he was located in Okayama prefecture (Bishu-mei ("H,K,M")) as the head of the Okayama prison, then around 1943 he returned to Kochi prefecture (Doshu-mei "F"). Probably various mei were used as he was the head of Okayama prison and traveled considerably" It have crest and nice fittings with open tsuba example.

2% is below inflation rate in USA, it more depends if items insured are getting more value.

Nah, I humbly bow before you. But you should close one eye for misspeled colloquialisms.

For some "pampered" won't be good enough

Finished project. Pappered+shirasaya+polished/no need for polish. Buy and enjoy. You have crazy reaction towards those swords.

Hakobore [fatal if deep into hamon?] and other flaws https://weblog.tozando.com/the-katana-kizu-a-flaw-of-the-Japanese-sword/

Thx boss. I knew it would require repolish but this kissaki made me confused. At least no "hakobore"

You are much welcome to post more closeups of blade, but from what you already posted blade imo should be preserved as it is now. Dunno if kissaki wasn't already altered.

Got the package worst part in pic. Wonder your opinion if such a kissaki is worthy salvaging.

https://japaneseswordindex.com/showato.htm And adding picture. First 3 types imo worthy on putting money.

@Bruce Pennington what you think? Tsuka was modified looking on only 1 mekugi ana at nakago and refit one being in use but it's still yasukuni-to. Would you rather choose shirasaya? Sure, but T3 koshirae is still worth similar money. @Volker62? 5k$ for pappered blade of IIIrd grade yasukuni smith is too much? And could you write us about koshirae which yasukuni can be found in.

Possible fire damage?

100$ I would say but beware import permit. I payed ~93$ for gunto [4.5 LBS - 2KG]

True way to bright.

Katana at aoi 80k yen? Dunno if export permit [torokusho return] included. I heard that tariff's amount invoice can be delivered separately after blade. Please confirm.

Per inch on each side? And why it have seki stamp? Answer to both this question combined - it's a waste of money and won't add new value [oil quenched?]

Show us crest! Other attached picture just to show samegawa damage [dunno if done by centered chuso]

With this amount go for nice gendaito [1877+ jidai] you will get healthy traditionally made blade.