I am curious about the reference to Wagner.
My copy "Cut & Thrust Weapons" (Prague, 1967) shows virtually this exact saber among Austrian swords as Hungarian mid 18th c. and with Pottenstein as place of manufacture.
Here I would note that Pottenstein seems to be a judicial district, and electoral region in Bavaria. It is often confusing as swords often, if not typically have the arms of Hungary, but clearly this was Austro-Hungary, the Holy Roman Empire.
While it seems possible there were blade makers at Pottenstein, it seems more likely this was where the saber was 'outfitted'.
It is interesting that this example is silver metal, the book example is brass.
The use of the Madonna falls into place with many of the religious and neo-classic themes popular in Hungary and East European regions.
What is most curious in the Madonna depiction is that the figure is standing on the face of the 'man in the moon' which is a common depiction in the cosmology of many European blades. The image of this moon also shows the line along the back of the head which represents a rostrum, as depicted in the moons used in Spain for espaderos del rey.
In references on Hungarian arms I have read it is noted that there was a predeliction for symbolic representation on arms in this period. In Poland there was a use of representations of important rulers, and those particular swords were termed in accord with the figure on the blade. For example 'zygmuntowka' (King Sigismund); 'batorowka' (King Stephen Bathory).
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