Definately not still in use today. It was a weapon vice a dress saber. One sees them regularly at gun shows and most are in pretty good shape. They have a much more industrial look about them than the typical 19th century models.

The whole idea of the mounted saber charge didn't survive long the observations of trench warfare which began to flow back from the Great War in late 1914. Even among the die hard cavalry proponents, the .45 govt seemed a far better solution to arming a trooper.