I don't think it's too unusual to have the carving on a piece look a little childish, but generally the edges of a weapon are in smooth, intentional-looking lines or curves. It definitely looks decorative to me. And I'd expect that the people of the time were fairly familiar with what good swords looked like, which for me points to more recent manufacture.
Are there images on both sides of the sword? If it's only one side, it pushes me more towards the idea that it's made to be wall-mounted art. (Though it's only the vaguest of nudges in that direction)
However, with luck we'll have people much better informed than I render an opinion.
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