As Hatchetjack said, blems will be marked with an "XXXX" usually a little behind the model number. So it will say "0200 XXXX." If the "XXXX" is not there, than as far as Kershaw and ZT is concerned, it isn't a blem and has the full warranty.
I bought my ZT0200 for $90-100 BNIB iirc. There are lots of good deals out there if you look hard enough. Before I get any PMs, this was about a year ago.
"blemish," it is when a knife has some kind of blemish on it (scratch on blade or handle for example). These knives are marked with "XXXX" on the blade and sold at a lower rate.
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