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Blacksmith
Blacksmiths are found all over Renaissance Italy and sell Weapons, Armor and various Ammunition as well as repair some pieces of armor.
Repair
Blacksmiths can repair both nearly broken and broken armor. You can repair all of your equipped armor at once or repair them individually.
Armor
Blacksmiths sell armor, but do not sell Altaïr's Armor.
Weapons
They sell several Swords and Maces among which is the Sword Of Altaïr. However, they do not sell Spears and Halberds as well as Claymores and Axes.
Small Weapons
They also sell various Short Blades and the Metal Cestus.
Ammunition
The ammunition available for sale increases as you progress through the game. Ammunition includes Throwing Knives, Smoke Bombs and Bullets.