Is it the Jersey style axe?
If so, I bought the same model (Hey, I was broke, needed and axe, it said hand forged -- in Mehico, and $24 was doable, $70-$100+ wasn't). Get it sharpened and it chops great, I can't really say anything bad about it except that the haft isn't quite straight (even some Gransfors have this problem) and the rubber blade guard broke after the second use.
If you want a good, as in really good, American Axe, Snow & Neally is really the only game in town as far as I know. I have their Hudsom Bay axe, and splitting maul and they are great tools, and much less expensive than GB or Iltis.