"When the pirates sacked the great coastal cities, a buccaneer was particularly enticed by this axe. They brought it with them, and in their misfortune it washed ashore in Aeternum."
Bind On PickupTierVScales With:STR 90%, DEX 65%4.0Weight3000Durability
We can't find any source for this item (quests reward, drop, etc). It's highly probable this item is not obtainable right
now.
It seems that the New Buccaneer's Bounty is obtainable.