Cold Steel makes some very good knives. http://www.bladeforums.com/forums/showthread.php/1351677-My-new-code-4-(sebenza-killer)
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I figured the Dragonfly would be a great edc knife, but Cold Steel never crossed my mind until I came across the Recon model in CTS XHP steel on a different website. I started researching Cold Steel products and found the Code 4. The Dragonfly would be easier to carry, but I have the Tenacious if I need a smaller knife.
I propably should have been more clear. The fact that Cold Steel is making nice looking knives using CTS XHP steel for the blade was appealing to me. I was wondering if Cold Steel knives are worth the money since they are less costly than some knives that don't have super steel blades. I brought the Dragonfly knife up because it was my previous choice before finding the Cold Steel products and it is close to the same price range. In other words, if the Code 4 seems promising, I may go that route.
Love me some Dragonfly. Great EDC that feels like a much larger knife in use. Maybe go for the ZDP-189 version if you're interested in edge retention. Recon1 didn't do it for me. I agree that the Delica might be a good in-between.
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Cold Steel are fine, but I've had a few Tri-Ad locks that were real thumb breakers. I have a Code 4 in the old AUS8, so I can't speak for the new CTS-XHP steel. My Code 4 isn't my favorite among CS knives. The handles are too thin and too slick and the lock is too difficult to disengage. I prefer, among CS knives, the Recon, Voyager and American Lawman.
For just a little more than $100 have you considered a PM2?
This is slightly off topic, but the Dragonfly also comes in H1 steel. Would it be a good choice for an edc knife as far as edge retention and wear resistance goes?
I have both H1 serrated and plain edge. The serrated holds an edge far better. If you need a plain edge then expect fa more sharpening. My Dragonfly SE H1 is a great EDC for when things are going to get wet.