I would agree, it looks good and also not so far gone that it cannot be re-polished, but as Rich says, that is expensive but costed per inch of blade so less for a naginata than a long sword!
Unlike most other collectors, who tend to preserve the sword as it is, those who favour Japanese swords prefer them shiny to show off the grain and the hamon.
Naginata were used extensively by samurai warriors, by foot soldiers in battle and by samurai wives I think mostly as home defence.
The characters look much more than a signature and may well include a date or the place it was made. Dates are usually in a form relating to the year of the then emperor's reign.
Go for it!!
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