Not sure if I should admit that I only paid 400 dollars for this. A few days ago a friend told me that the fire department in a neigboring town was going to auction of some donated items from an old blacksmith shop. He had contacted the person in charge and was informed that there was going to be a hammer included in the sale. They had no idea about it with the exception of the name of the manufacturer. I was very surprised to find very few people at the auction and only one other gentleman even remotely interested in it. The bidding didn't last long. It was the most expensive piece sold today and I was happy to pay it. Seems to be in outstanding condition. I will know more with a proper cleaning.