Felt and smelled like motoroil to me, at least it was new. Mine was wrapped in saran wrap, some low grade butcher paper and bubble wrap.
Anyone know what they oil the handles with? My white rosewood came in a little dry, it seemed to take raw linseed oil well.
Mine came same way, my spur has a touch of surface rust that I'll be able to get out I hope. Spur is super sharp!