Mine looks like black distressed leather...at least the same shade of black distressed leather that I have seen before. Do you have pictures of yours?
UPDATE: I went to the place I hardly ever visit and saw several examples where the sheath with this 112 definitely looks greyish. Even though Buck's website states "Black leather sheath. Made in the USA.". I am just glad it is a USA made sheath paired with the 50th anniversary knife. Now if they would only stamp instead of etch the blades, this would be a perfect offering.
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