Naval Officer Sword

Hi All,
I am interested in this Navy Officer sword, Imperial era, Gilt is strong, only issue is one missing eye and piece of grip plate is broke(ivory or simulated not sure), the sword is double etched and named twice, once on the blade and once on the backgaurd, the name is Friedrich, on the blade it says OEY or HEY s/1. friedrich. does anyone know the meaning? I found a SMS Friedrich in the Imperial Navy, but I beleive its the owners last name and not the ships name, I just cant figure out the part before it, also do you think its a good deal if the price is the upper 3 digit range, I am not sure on value for this style.
Thank you for your time and help.
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