Hello, this item is a modern decorative Japanese style katana made as a display or practice sword rather than a traditionally forged Japanese blade. The overall mounting follows the standard katana form with a curved blade, lacquered scabbard, cord wrapped handle, and metal guard known as a tsuba. However the blade is marked stainless steel, which immediately indicates it is not a traditional nihonto. Authentic Japanese swords are forged from high carbon tamahagane steel and display visible forging characteristics such as a true hamon produced through differential hardening. Stainless steel blades are typical of late twentieth century decorative or martial arts replica swords produced for collectors, display, or practice cutting rather than historical military use.

From a market standpoint, stainless steel katana replicas were widely manufactured from the late twentieth century onward by companies in Japan, China, and the United States for decorative sales and martial arts supply markets. These swords generally have value as display pieces rather than collectible antique weapons. Condition, mounting quality, and brand influence the price, but most examples trade in the secondary market between $40 and $150 USD. Based on the photographs, the standard fittings, stainless blade, and overall condition with minor wear to the handle wrap, a realistic current market value for this example would likely fall between $60 and $120 USD.