Wjswiger,
I agree that XM's that are bought on the secondary are overpriced, no doubt. However, if you are able to obtain one at Rick's price, they are very much worth it. Unfortunately, this is very difficult for lots of people since the demand is so high for Rick's knives. I think Rick and crew are trying to ramp up production to make Hinderer knives more accessible and to hopefully bring down the secondary market prices. Big thumbs up for the crew at Hinderer for this, will be difficult to do but I commend them for working towards this goal.
Same is true for Les's VECP, great knife for his price, but overpriced on the secondary.
There are plenty of threads talking about standard pricing vs secondary pricing and whether the knives are worth the secondary prices. Interesting reads.
Regardless, pricing aside, both the Hinderer and VECP are great knives.