What is this axe head?

[Dubzem]

https://www.gyazo.com/a9347addc2c0a2be9a864c705108df78
https://www.gyazo.com/3aaa7b93a167e3fe56825896c4c6a5fa
https://www.gyazo.com/6370159865fb6278d1d585d66272204e

I recently bought this axe head at a yard sale for $10, after sanding some of the rust back I can see that it's made in Germany but I have no idea who made it, how old it would be, what the quality of it will be like or if it's rare.
It has traces of black paint on it which I presume would be from the factory and is 2, 1/4 lbs.

 

[Steve Tall]

Here's one of the photos:

Looks like it's made by
Wiebelhaus & Co.
Meschede, Germany
1911-1986

Source: http://www.yesteryearstools.com/Yesteryears%20Tools/Wiebelhaus%20%26%20Co..html

A related thread:

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Here is a 1 1/4 lb head I bought recently. Can any of you 'Good old Boys' identify her origins?

The emblem appears to be a person standing on one foot while swinging an axe or similar tool over head.
He (or she) is facing left of your screen. I tried some yellow chalk to highlight markings, it hasn't worked too well apart from lower part of figure.

I am more of a 'larger axe' person but this one really interests me. I think she would be a good friend when camping, tramping or hunting.

regards...Frank

 

[300Six]

Kudos to Steve Tall once again, for his eagle eye regarding ID. This would have been an export item with it's n. American-type profile and the crude finishing suggests (to me) that it's late 40s-made or else a 60s discount store type item. For $10 there is no risk for you because the steel will likely be vastly superior to anything currently made that retails for $50 or less.

 

[Square_peg]

So with 'Made in Germany' and not East or West Germany is this a post unification piece? Relatively modern?

 

[300Six]

So with 'Made in Germany' and not East or West Germany is this a post unification piece? Relatively modern?

Good point!