In many cases, I can't find the blem. A couple of had minor cosmetic blemishes (usually on the blade finish), and a couple have had minor issues (nothing that would make the knife unsafe or otherwise non-functional though). If you're looking for a knife to use and are fine with the lack of warranty (although Kershaw will still send minor parts, like screws, torsion bars, and pocket clips), blems are a great value.