Correct Geraint, This is how it looked when I took the photo. It is in fact black lace and I dont know who put it there or when. I'll replace this with something more appropriate at some point. I was wondering about the frayed Ito at the top of the tsuka. Looks like a different color than the ito, but maybe I'm just seeing things.
After reading a whole bunch of threads on the subject Gunzuko and the ones that may have carried swords. I'm curious if it was common, for a sword like mine without a loop for a rank tassel to be used. Simply trying to place where/who this sword's owner may have been before it became a take-home souvenir. Maybe wishful thinking on my part.
Tim