M246.  Iron tsuba of boisterous waves.  7.7 x 8.4 x .45 cm.  The nakago hitsu-ana is .8 x 2.9 cm.  The waves are covered in silver nashiji zogan and there are gold & silver ten zogan water drops.  Apart from partial loss of nashiji on the edge of the rim, I see no missing inlay; condition is excellent.  This comes with a Hozon paper from the NBTHK, dated 2019 and giving the work to the Kumagai School.  The Kumagai smiths worked in Higo but, to my knowledge, they weren’t connected to the main groups of fittings smiths of that province.  $695.