The two izula's, the esee 4 and 6 I stripped all had fairly smooth finishes underneath. But it just looked like gray carbon steel. Running my finger pad down it, I can't feel bumps, etc. Not polished by any means, but smooth enough.
What did you use to strip it?
And did you just set it to air dry? That gold you see could be rust. The first izzy I stripped I stupidly just left it out to air dry (maybe patted it before air) and that sucker discolored pretty fast. Could be a patina with a black/dark purplish color. Ended up doing vinegar soaks right after I stripped the rest to get a thin layer of protection. Gave the other Izula to a friend that polished the blade to mirror, looked pretty cool.