Jim; You would be correct with the pirate connection. I actually own a pirate museum in Florida. This sword came in with a 19th century Thomas & Co British Naval Boarding Axe, dated 1898. These were the only 2 weapons in a very small sale. So I assume the estate they came from had something to do with a person in the navy. So the assumption that the sword was from some type of sea service would make sense.
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