The light sword is a very off chance, and many players never see it in the game. Most try to get it from the buccs underwater in the Bayjin Shallows, and it usually takes a lot of restoring. It IS a very nice sword, good damage and only one hand needed.
It's also been known to turn up in the chest in the Rynjin hut, but that is a more difficult proposition, as the chest contents are set when you enter Bayjin itself (from either land or water). If you really want to try for it, the pirates are probably the best bet.
Nightowl2
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