Hello Athanase,
Welcome to the forum!
I have no doubt that this blade is old but because of the shiny surface the carved motifs and potential pamor are not very visible. In order to improve the surface look and remove the rust spots, I would advise you to clean the blade by dipping it completely in undiluted vinegar (8°) or 10% citric acid (or a mix of the 2 products) for about 24 h with 2 intermediate brushings, which would not attack the iron/ steel itself. After treating, carefully rinse & dry the blade, and treat it immediately with WD40 for preserving it from future rusting.
Regards
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