Hi, First I would say that the 690 is a collector's piece. I have two of them, but would never use them because there are other knives I would rather use and abuse. Not because the 690 is bad, because it is a solid gentleman's folder, but there are better Benchmades with the axis lock that are far superior to the liner. Secondly, other than the chip in the wood if it is in otherwise good condition then get it, if its for a good price (no more than $180 if used). It's the most handsome knife Benchmade has ever made, thanks to Elishewitz, but it is a great knife to put on display or keep because they are super rare these days.