Hi Iain and Ian,  
 
Thanks for your input and I agree, the ferrule near the blade must be an older replacement. But you speak of two ferrules, this is the only one I see. At the end it all seems just one piece of metal, I can't discover a gap or joint between the smooth part and the decorated pommel.   
 
If it's two pieces they made a nice marriage. Maybe one day I'll stumble upon one with all the metal en suite... 
 
Kind regards, 
Eric.
		 
		
		
		
		
		
		
		
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