This is a decent sword to pair with Joyeuse for those Red Mage first playing as Rdm/Nin. Small MP boost and extra parry can help in situations. Not to mention a delay of 224 is lower then most damage packed swords... lower the delay, greater the damage over time for a skilled redmage >:)
NPCs for about 17k making this item one of the cheaper and easier goldsmithing skillup items from level 95~99. The only difficulty in obtaining materials is the spinel which, depending on the server can have around 30 listed per week.