M243.  Hoan tsuba.  7.1 x 7.2 x .5 cm.  The nakago hitsu-ana is .9 x 2.7 cm.  Iron plate very finely carved with recesses in a shape I can’t remember the name of, 3 covered in gold and 5 in silver on the front and all 8 in silver on the back.  One of the ryo-hitsu is plugged with gold.  This tsuba comes with a paper from the NTHK, dated 2004 and giving it to Kodai (later generation) Hoan.  Smiths of the Hoan School worked throughout the Edo period in Kii Province; they did nice work.  Condition is excellent.  $1,175.