Let's see - what is that worth to someone? There is real and perceived value in all objects.
1. It was coming straight from Sweden (country of origin)
2. I (and maybe you too) won't find that at a garage sale.
3. It was 1.37lbs so it looks like more of a hatchet and a precursor in design to the more modern ones.
4. It still seems to have a lot of bit left to work with.
5. I think it might be representative of a certain era of production and there are fewer examples I see people talk about.
6. The crown mark plus LP probably can help date it more or less. Maybe the LP is the black smith's initials.
If you live in Sweden my guess is that it could be had for less but I am not in Sweden, get to go to Swedish flea markets, trade on Swedish auction site, or have old Swedish relatives to receive something like that as a hand me down.
So maybe that is the right price (or even a deal?) for something like that in the condition it's in and we just don't know it?
I didn't buy it but if someone here did? I want a better look at it