My Khajit Dar'Jo and his mercenary Jenassa had some problems. Enemies overpowered them and they needed to sneak through the dungeon. But... Jenassa always grabs her mace when sneaking instead of her bow and thus alerted everyone. So, I gave her the only dagger I had at that moment: Mehrunes Razor.
After having raid 7-9 medium to large sized nordic ruins I decided to have my Razor back. Unfortunately, she didn't have it. I was pretty sure I never took it back from her, but still, I decided to check my containers at Dar'Jo's house. Nothing! I wanted to kill her. But because of Role-playing purposes I have decided to marry her and leave her to rot at Dar'Jo's house.
As soon as I get home IRL I will check every dungeon I raided. Every merchant I've been to. Do I have a chance of finding it? Does Mehrunes Razor dissappear from merchant inventories? I know journals don't dissappear.
And what if Jenassa was disarmed and never picked the Razor up, will it still be on the floor of the dungeon? Only a few days passed.
And no, I'm not able to spawn it because I play Dar'Jo on the PS3. To all other console users: Don't ever use followers! And if you use them for a pack mule or Role-playing, never give them Unique items and artifacts. I learned this the hard way.