I think you nailed it, fearn. I flipped the pictures and followed the key that you gave. One side reads "Ace of Swords" (with 2 U's standing for W), and the other reads "[Sw]ord of Swift Winds" (I can't make out the first two letters).
The Ace of Swords is a card in the Tarot deck (my avatar is the Tarot Page of Swords, BTW). The Sword of Swift Winds just sounds like someone's idea of a cool name. If the sword is genuine, its too bad that someone defaced it like that. Maybe it can be polished out.
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