The Cacarno M38 is not an every day find.
Although most books identify only 4 variants the Italian M1938 Carcano bayonet it is actually found in 5 distinct variants. The first 3 are purpose built with folding blades and 2 other variants exist with fixed blades. One is purpose built and the other is assembled from components of folding blade variants which are at times mixed yielding numerous possible sub-variants (which is our case).
~ Condition ~
It is rather rusty but can be easily cleaned.
JAQDE