Wow I bought mine from the same dealer for less than half that on a popular auction site as a buy it now option with free shipping. Even with the current coupon code and free shipping offer you can do much better than that.
As far as the knife goes, mine is a user mostly for saltwater inshore fishing. I use the stock sheath in neck knife configuration which works good for my application, but I plan to make a Kydex sheath with a cutout exposing the sharpened spine groove so I can use it as a line cutter without removing the knife from the sheath and also have the option for belt carry with a G Clip or Tek-Lok. Mine has never had a speck of rust on it including the time prior to BP's generous lubrication of the Gulf of Mexico.