Cold Steel Code 4, a sub $80 knife that offers super strong construction, is lightweight , a thin hollow grind, and CTS XHP steel.
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It's a good value for the money.
Whether it's the
best value for the money depends entirely upon what you find valuable in a knife.
IMHO the Spyderco Delica and Endura are a better value for the money on the strength of Spyderco's customer service and their consistent production quality, but it's basically a wash and a matter of preference. The Ontario RAT folders are a better value for half the price.
The Code 4's Tri-Ad lock is stronger than the RAT's liner lock and probably stronger than the Spyderco's back lock, but I don't really think that's relevant because none of the locks are likely to fail under any reasonable use for a folding knife of that size.
All three have different handle materials, but I'd give the edge to the Ontario and the Spyderco, but that's because I prefer G10 or micarta handles in the cold temperatures that predominate in my location, and I like the grippiness of Spyderco's Volcano and bi-directional texture enough to overlook the FRN handles. I think if you're going to do metal handles, they should be titanium for the balance of strength and looks vs. aluminum and weight reduction vs. steel.
Blade steel is largely a matter of preference, but CTS-XHP is a minor improvement over D2 and VG-10. So if blade steel is your most important attribute, and you're limited to the $100 range, then the Code 4 is a good choice.
I would, however, rush to add this:
I think for $50 you can get about 70% of the value possible out of a knife, which is more than enough for anyone- a well-manufactured knife made to good quality standards out of good materials. For $100 you can get 80% of the value, typically getting better handles or blade materials (seldom both), but the manufacturing quality isn't really any better.
For $200, you can get 90% of the value, with some small but noticeable increase in manufacturing quality in terms of fit and finish and usually a marked upgrade in handles and blade material- the $100-$200 range is where you start seeing G10 and micarta that are more than simple slabs and where you start seeing titanium and the current generation of 'super steels.'
After that price point, you're paying increasingly more for small increases in fit and finish quality that require closer and closer inspection to find until you hit the $500 price point, at which point you're paying for miniscule increases in fit and finish, artistic value, or the uniqueness of limited-production or custom work.
That's just my opinion.