For me it is how clean the plates, construction and the finishing of the rivets are, both inside and out.
I agree with Uwe on the translation and also agree that it has likely never been mounted or perhaps only mounted once.
It is possible that the date is Gimei, but I would still place it on the later side of the Edo period, even without the date.
It is a really nice looking Hachi by the way, good shape and form, and being dated is rarer than being signed.