Cold Steel Espada XL / CTS-XHP / DLC Coating

A dealer can sell it for as little as they want. They just can't advertise that price. If the local shop is selling them for pennies, it does not violate MAPP, unless they advertise that price.

You are right in that the dealer can sell for whatever they want. That said, if they get caught going below the map pricing, benchmade will yank their authorized dealer status and not send them anymore knives.
 
I know of one online vendor in particular that has many hard to find knives, and the prices listed on their website is grossly in excess of whatever the MSRP is on just about every piece listed. The LE/Sprint Runs are even higher, to the point of ridiculousness.

^ Liu Kang?
 
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