Cast steel puts it in a league that is inferior to forged steel but it does have the phantom bevels on the blade that seems to be unique to 'made in USA' axes. No obvious maker stamp reduces it's value/collectibility by a wide margin. But, you know, if the price was right and it appeals to you then it's as good a starter as any.
You can ultimately better appreciate top quality by experiencing lesser grades. Guaranteed though it'll cut trees and chop wood. You'll never get first hand experience otherwise.
Shine it up (sharpen the blade!) and learn to hang (re-haft) it properly. There is a learning curve to all this that requires rudimentary tools, lots of time and very little money.
Some of us would rather that folks learned and practiced on frugal items than run out and frivolously buy a $200 boutique axe which they'll never appreciate, know how to maintain nor ever really use.
Good luck to you man!