Wow, lots of good info here. I don't care what it's worth, I just wanted to know what I had (was pretty sure it was a true Randall but wanted more info). It did come with a Heiser sheath (with the pocket for a stone). The spacers are red, white, skinny black (or blue, it's old), skinny red, white, red. The sheath is just like the one in the first picture from ron mathews (it does have the oversize throat rivets).
So I guess I can say I have my first Randall knife. I'm hesitant to tell you what I paid for the box, which actually had some other stuff in that I could use and the rest resale. So in this case, my first Randall didn't cost me anything.
I really appreciate all the help everyone has given me. I have always liked knives and so I know I'll be perusing this forum regularly to increase my knife knowledge.
Upon your advice, I'm not going to do anything with it other than to sharpen it. The edge is not damaged in any way, it just needs a better sharpening.
One of my goals is to own a true Ordnance marked Patton sabre.