That is a nice head.
Not looking R.W. period ,but don't let that discourage you.
Hard to find quality steel American axes being made today. Those that are top shelf cost serious coin.
Makes the older ones worth more to me for sure....And to some others as well still.
Should you get a date/ maker on yours and not keep it as a relic , a little work could produce a fine axe.
A fine axe in ones possession once a highly valued asset by the majority of folks for much of history ,till quite lately.