Serenity,
Masahiro would give you a really awesome and functional sword (they do hold an edge well), but they are of a Japanese style so they might not appeal to you.
The rapier looks nice, and would be a nifty wall hanger but you DO NOT WANT TO START SWINGING IT AT ANYTHING. Sorry to shout, but its a safety issue. Stainless steel is cheaper to make, and doesn't rust so it takes a lot less care, but it is also brittle and will not hold up to repeated, or even one really heavy blow. Chop something with this, or thrust as it was intended and you risk shattering it, having pieces fly off and even getting shards flying a shrapnel pattern. Don't plan on it being functional.
Most often if you see something under $200 its stainless. I'm still almost not believing the price/quality of Masahiro except that I own one myself and can say it's really awesome. The weight even gives it away, and it has gone through some good sized branches.
Here's why you want to avoid 440:
Stainless + Idiot =
This funny video Note: 3 piece set with stand, $44.95
440 stainless
Six inch chunk breaks off the end and catches him in the ribs.
these are not 'practice katanas'
I assume I don't have to tell you not to play with weapons if you don't know what you're doing, but someone should have told that kid. Smacking the flat side of a sword isn't advisable either.
I don't know what the rapier market is like, nor where to point you for a good one, but keep this stuff in mind when you plan a usage for any new blade. Sometimes its fun to just get something cheap to swing at the air in your living room, something you don't have to worry about hand oils or other factors that good steel brings. The rapier you linked would be good for that, just don't strike anything with it. It might be able to take $129.00 at retail, but the price they offer shows how much it costs to produce.
$60 isn't much to spend on a durable toy!
