Dear Scott,

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 sword made in the style of a Japanese Katana. The blade was probably made from steel and Chinese characters were stamped into the ricasso.
Comparable objects were recently offered and sold on the international auction market.
This piece is in good condition and no severe damage is visible in the images provided.
A fair market estimation would be between 50 to 100 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,
Gregory