The Rusty Axe resembles a fairly stereotypical woodsmans axe. It has a curved brown handle and a dark grey single bit head. However, the edge is slightly jagged and is covered in spots of brown rust. According to its profile, it might become a silver or golden axe.
In gameplay, the player can collect the Rusty Axe by defeating enemies during different Missions or completing specific Missions in certain areas. For then to obtain it, the player must use the ID points earned from completing the Mission where the Rusty Axe was picked up to identify it on the identification screen. The Rusty Axe is needed to craft the following swords:
|ID Point Price||4|
|Location||Deep Woods (dropped by enemies), Titanic Plain (earned by clearing "Defeat the Boss: Sir Gawain"), Great Megalith (dropped by enemies), The Cauldron (dropped by enemies), Dragon's Lair (dropped by enemies)|
- The Rusty Axe's description is a reference to the The Honest Woodman which is one of Aesop's Fables. As the story goes, a woodsman lost his old axe in a river. Taking pity on him, Hermes dives into the water to retrieve his axe for him. Hermes first offered a gold and then a silver axe asking "Was this what you had lost?", but the honest woodman claimed his original axe. Impressed with the woodsmans honesty, Hermes awarded him with all three axes.
- The description could also be a subtle nod to the Golden Axe video game.