Looks like someone put a new edge on it. Would have preferred not for someone to do that. Whoever put the new edge on did a good job. Spring in safety cover works.
Seems to be missing nail in Handel for cover? Overall for its age it's in great condition! The item "Vintage Antique Marble Arms Co Axe Safety Hatchet Rare nice Clean No 5" is in sale since Sunday, September 29, 2019. This item is in the category "Collectibles\Tools, Hardware & Locks\Tools\Carpentry, Woodworking\Axes, Hatchets". The seller is "redline1maria" and is located in Fort Lauderdale, Florida. This item can be shipped to United States.