My crafting crew reached Level 10 ... here the results for daggers, swords and axes (both one- and two-handed) including every possible blacksmithing mastery bonus.

(Two-handed Sword)
Two-handed Sword (Lvl 10, Blacksmithing Mastery Bonus: Damage)
118-191 (not upgradeable with whetstone)
average: 154,5
8% crit chance
2x crit multiplier
100 durability
12 str req

Two-handed Sword (Lvl 10, Blacksmithing Mastery Bonus: Strength)
107-173 (upgraded with whetstone)
average: 140
8% crit chance
2x crit multiplier
100 durability
12 str req
+1 strength attribute

(Two-handed Axe)
Two-handed Axe (Lvl 10, Blacksmithing Mastery Bonus: Damage)
118-236 (not upgradeable with whetstone)
average: 177
6% crit chance
2x crit multiplier
100 durability
13 str req

Two-handed Axe (Lvl 10, Blacksmithing Mastery Bonus: Crit)
107-214 (upgraded with whetstone)
average: 160,5
14% crit chance
2x crit multiplier
100 durability
13 str req

(One-handed Sword )
One-handed Sword (Lvl 10, Blacksmithing Mastery Bonus: Damage)
73-126 (not upgradeable with whetstone)
average: 99,5
0% crit chance
1.5x crit multiplier
80 durability
10 str req

One-handed Sword (Lvl 10, Blacksmithing Mastery Bonus: Max AP)
66-114 (upgraded with whetstone)
average: 90
0% crit chance
1.5x crit multiplier
80 durability
10 str req
+1 max AP

(One-handed Axe)
One-handed Axe (Lvl 10, Blacksmithing Mastery Bonus: Damage)
73-146 (not upgradeable with whetstone)
average: 109,5
0% crit chance
2x crit multiplier
100 durability
10 str req

One-handed Axe (Lvl 10, Blacksmithing Mastery Bonus: Crit)
66-132 (upgraded with whetstone)
average: 99
8% crit chance
2x crit multiplier
100 durability
10 str req

One-handed Axe (Lvl 10, Blacksmithing Mastery Bonus: Max AP)
66-132 (upgraded with whetstone)
average: 99
0% crit chance
2x crit multiplier
100 durability
10 str req
+1 max AP

(Dagger)
Dagger (Lvl 10, Blacksmithing Mastery Bonus: Dexterity)
46-76 (upgraded with whetstone)
average: 61
6% crit chance
2x crit multiplier
80 durability
9 dex req
+0.5 Movement
+1 Dexterity

Dagger (Lvl 10, Blacksmithing Mastery Bonus: Lucky Charm)
46-76 (upgraded with whetstone)
average: 61
6% crit chance
2x crit multiplier
80 durability
9 dex req
+0.5 Movement
+1 Lucky Charm


It seems that minimum damage is always the same for axes and swords. If you want pure damage go for axes with damage mastery bonus. If you want crits go for axes with crit mastery bonus - because damage, crit chance (and crit multiplier) is higher than on swords.

The damage gap increases if you apply poison or elemental essences to your weapon, because these seem to add 15% of the weapons base damage. So with higher base damage you can also achieve higher enchantment damage. But you can only apply one elemental enchantment on a craffted weapon. If you apply more, then the previous elemental enchantment gets replaced. This seems also be true for non-crafted weapons, but if a magic non-crafted weapon already has an damage enchantment, you can add a second one yourself.