What is the value of a 1920 KKK ceremonal sword?

Some would see this type of item as a historical relic and could price them as high as $2000 in Excellent condition from reconstruction time to the early 1900's. Most will sell for as little as $200 however due to the lack of collectability interest because of its representation. I have found 1920's era sWords in fair condition usually in the range of $200 to $350. Paying anything more than that is a risk in terms of investment, but could be priceless in terms of historical value.