1095, if properly heat treated, is a great carbon steel for a user. Holds a good edge and has good toughness. I would imagine that most of the German slipjoint manufacturers use 1095 or a similar alloy. That is what Schrade used for the Old Timer line, too.
I have four Bokers, an older (I think 60s), a mid-80s, and two newer production, from the last few years. All have good fit and finish, smooth action, well-ground blades, and good backsprings. If you can get your hands on a carbon steel copperhead for around $20, I would jump on that.