You are paying for the sheath!
349109
This is similar to the Morakniv Forest Exclusive 277, and while I find that one gorgeous, it is too skinny for my hand, a hazard waiting to happen, really.  This one is the standard size of the Classic 1, and fits way better in a lg-xlg hand.  There are subtleties to this one that reveal it's handmade character, but for all basic purposes, i think this is the same knife as the $45 one with the fibre sheath.  I am pretty sure the metal is a standard mora laminate cut.  It has a cool blade finish I would not expect from the $45 one, as well as a precise grind on the ridge of the blade, but other than that I think it is the same knife.  The handle is possibly hand-lathed, but I can't find much info on the handmade-ness.

Anyone would give this five stars if not for the price.  I couldn't full make sense of the price until it arrived in the mail.  The extra cost goes into that sheath!  The sheath is a superb piece of leatherwork, and that ought to account for about $25-30 of the total cost.  That would bring the knife down to $60-65 perhaps, and i think that's okay considering it's a relatively hand-made utterly charming and perfectly useful knife that will last a lifetime.  Looking forward to the patina.

Oh, there's a few $17 versions of the Classic 1 on amazon, I have the one with the red handle and simple finger guard, same length as this one, 3.9.  Between this handmade one and the low cost carbon steel one, the handmade one has a noticeably thicker stock of metal, maybe that happens with the laminate blades, but anyway, it's better.  Not much else to say, this is my "one right knife".
1134815
I bought 4 of these and they are great after a little sharpening. Sheath is cheap but can't beat it for the price.
888910
OK, I love this blade.  It's thick, well balanced, and feels great in the hands.  I feel like an elven warrior with this sexy beast.

The sheath on the other hand is a major complaint.
First of all, it has two snaps on it.  This is annoying.  Who wants to deal with snaps when you're just looking for a way to free up your hands?  On top of that, my middle snap separated from the sheath.
Second, it (well mine anyways) is SOOOOOOOO tight.  It's unusable.  It's dangerous.  There's absolutely no way I would have this thing on my hip and try to use the machete with.  I'd be more likely to cut myself trying to force it in and out than have a usable sheath.  I'll likely only use the sheath for storage.

Now I also bought the&nbsp;<a data-hook="product-link-linked" class="a-link-normal" href="/Condor-Tool-and-Knife-El-Salvador-Machete-18-Inch-Micarta-Handle-Leather-Sheath/dp/B003D9ORK4/ref=cm_cr_arp_d_rvw_txt?ie=UTF8">Condor Tool and Knife El Salvador Machete, 18-Inch Micarta Handle, Leather Sheath</a>.
It has a great leather sheath.  Why?  Because it's loose and easy to slip the machete in and out of.  The good news:  the parang has the same blade length and easily fits in it.

The same goes with the cheaper&nbsp;<a data-hook="product-link-linked" class="a-link-normal" href="/Condor-Tool-and-Knife-Eco-Survivor-El-Salvasor-Machete-with-Canvas-Sheath-18-Inch/dp/B003D9RB3E/ref=cm_cr_arp_d_rvw_txt?ie=UTF8">Condor Tool and Knife Eco-Survivor El Salvasor Machete with Canvas Sheath (18-Inch)</a>&nbsp;canvas sheath, which I also own.

So again, the blade is awesome.  The sheath? Good for storage.  So if it's cheaper at the time (we all know how amazon.com/marketplace prices fluctuate), just get the blade only:&nbsp;<a data-hook="product-link-linked" class="a-link-normal" href="/Condor-Tool-and-Knife-Parang-Machete-Only-with-17-5-Inch/dp/B003D9QP5E/ref=cm_cr_arp_d_rvw_txt?ie=UTF8">Condor Tool and Knife Parang Machete Only with 17.5-Inch</a>.
2632355
The book is entertaining; however; the author seems to be hooked on the word sheath! I cringe every time I see it.
3005328
The knife itself is exactly what anyone who has handled a Spyderco before would expect, great steel, great construction, comes sharp and will hold an edge.  Unfortunately the sheath falls short because they made one sheath to fit all of the varieties of the Enuff, so there is a lot of extra wiggle room.  A custom sheath from someone like Bayou Custom Sheaths fixes this problem for right around $20.  At the end of the day, you're paying $100 for a Full flat ground knife from a premium manufacturer, made of premium steel, that will last a lifetime with proper care.  Worth buying an aftermarket sheath for in my opinion.
1124161
It's exactly as shown in the picture. The larger pocket comes with a wet stone, that actually works quite well. The parang I bought the sheath for was approx. 2 inches shorter than the sheath, which I knew before buying it, this gave me no problems. I gave it a 4 rather than 5 because it would really benefit from a thigh strap. But that's just me.
846815
Add a sheath and it will get a 4 star. At least have a link for one or the option for one.
1159400
I like them. The only con is that the larger blade came slightly bent. You have to look down the spine of the blade to notice it and it did not come with the Japanese writing. But they are pretty durable and I actually like the sheath. I can wear it on my back and draw my blade with little hassle. Definitely worth the money.
102633
The Knife /Machete, is substantial , Its heavy and sharp and pointy! perfect for the money.. I like the cold blue finish they did on this one, its not shinny white, I would have cold blued it anyways to protect it and keep the shine down. I  have a Kabar or Becker style (not sure which one I bought) kukri style heavy curved like one of those arab style recurve knives. and a Rtak II 9" with Mircarta scales and the added stainless fasteners. that one has a somewhat decent sheath. I can maybe buy a Spec-ops sheath for that one if they make a really long one. the one that came with that knife has a Plastic insert and nylon outside with the pouch for a multi tool. just a monster knife. So they all seem nice, the problem that they all have is not one has a sheath thats worth 5.00. this Schrade.bolo style knife is nice one , this  one I would to love carrying it but again I have to send my friend "Harry the sheath maker " an stencil trace of my knife so he can make me a heavy duty leather sheath. even a good Kydex sheath would have been better than the crummy cardboard covered in nylon cloth sheath I received,  and now i have a 75.00 heavy duty leather sheath that has to be made for it, there in lies the problem. the sheath cost more than the knife. I was once told by a wiser man than me that you can judge a knife by the sheath that is made for it., crappy sheath then crappy knife. I trust that it will do the job hacking and chopping and doing the chores I like to use these type of monster knives for. but carrying the knife is the part that scares me, will it fall apart while I'm in the woods and then have to tuck in my pack or shove it inside my belt? there is not even a belt loop so now I have to buy a Tec-loc and attach it to the upper part of the sheath so I can wear it on my belt. I hate the problem of crappy sheaths. Instead of a shoulder strap, how about they make a heavy duty belt loop and throw in a belt rather than that stupid shoulder strap, after all, if you are carrying a knife that big you must be carrying a back pack, so how is that going to work? Kydex is so cheap and easy to make. actually there are guys out there that make awesome kydex sheaths for knives and pistols , I just don't know why schrade had to go and make a nice halfway decent knife and then put it in a crappy sheath that won't last two trips . The price was right, the full tang should hold up. the rubber covered handle fits even my big hands. I guess it will be great for the money you can't go wrong. at 40.00? I would have paid more if it had a decent sheath. but as always most of these knives never show the sheath you have to beg for pictures. well that's my bitching for now. If it breaks I'll add on. but so far it seems the knife will be fine as long as the handle does not slowly slide off the tang, my bet is that its glued on. not molded over a T or Gap where the rubber can grab onto.
1562300
The Victorinox "Officer" knife fits this sheath perfectly.  The sheath is oxblood in color, with an embossed basket weave design. The exterior finish is a shiny, almost lacquer-type finish.  The leather is a bit stiff, but not overly so.  A little neatsfoot oil takes care of that.  The closing snap is brass and seems quite sturdy.  The weak point seems to be the belt loop.  It appears somewhat thin and narrow compared to the construction of the rest of the sheath. Even the stitching on the belt loop seem of lesser duty than the rest of the sheath.  Even with this, you should be able to get a few years of service out of this sheath.  Just keep an eye on the belt loop or all will be lost.
3104128
Sheath is good and tight, blade steel is ridiculous at this low of a price. Did need a little sharpening out of the box though. Put a "big name" knife maker (e.g. Strider or Benchmade) on this knife and you'd be charged about 10x the price.
676065
I bought this because I had already bought the United Cutlery Combat Commander Boot Knife, with shoulder harness. The blades are so good for the price, that, I don't care about the crappy harness. I was curious about the boot clip sheath; so, I bought one. I'm happy with it. Were the sheath Kydex and attachable to to my web gear, I'd have been in Heaven! It's leather and just fine as it is. And, as I've said earlier, I'm very happy and just fine with it. Service, seller, price, and product - excellent!

It's been a while and I started wearing this knife to work as a boot knife. Cannot complain; still everything I was hoping for!
4746400
I had several (my wife says too many) cheap knives that I was happy with for the price.  Then I got these. For the price, you cannot beat them. The sheath is crap though.
4232969
This is a GREAT knife. The sheath was obviously horrible, But for like, 10.00$ with shipping, it's hard to beat.
960482
A very nice sheath! Good leather. Strong rivits. Fits my 3.5 lb. axe head well. Thick leather. Stiff when new, of course, but will get more pliable over time. I haven't oiled it yet but will.

My only complaint and the reason I am giving this product 4 stars instead of 5: The tag is attached by two staples, resulting in four little holes, right through the nice leather. What a shame, to deface such a nice piece of leather with the staple holes, when the tag could have been attached to the sheath with a plastic tie. Knowing this, I would still purchase the sheath, but they really should get rid of the staple holes.
481219
This is no toy!  I bought it for a friend thinking it was likely a novelty gift, especially given the price.  When it arrived I opened it up to see it.  As I was returning it to it's sheath it poked right through the sheath!!  I tried pulling it back out and yanked off the handle clip.  I'm clearly a novice swordsman, but he still loved the sword, despite my early testing attempt.  Huge thumbs up from me!
3230037
Save your money.  The sheath that comes with the knife is just as good if not better. 1 star for trying