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Here's another no name that turned out fairly well. It's an L. Löwe and Company. This was another German made razor for a barber supply out of Milwaukee. It came in a lot and it had a pretty pronounced frown to the blade.

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I corrected that and honed the daylights out of it to get the edge back and it shaves pretty darn well. if you run your finger along the rib you can tell there's some imperfection in the grind (high spot in the hollow) near the spine but it doesn't seem to affect how it sharpens or shaves. I wonder if some of these were line rejects but considered good enough to sell off as contract razors.
Here's an ad I found in The Barber's Journal from 1903. I know that's inconclusive but seems to confirm my feeling that it was likely from the late 19th to early 20th century.

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Again it has scales that were probably once black but now brown and seem to stain with water and handling. These are still fairly pliable.