Ben, I completely understand why the GEC pins come out sunken. I get that it's part of their process. However, to claim that it's "part of the process of making a production knife efficiently enough that we can afford them" is patently false. GECs weren't more expensive before they came up with this process. Right now they're among the most expensive production slipjoints you can buy, yet they're the only ones using this process as far as I know. It would be much easier to make the case that this process makes the knife more expensive, not less.
For example, going to dealer sites I can find a GEC 72 lockback for $98. GEC sets this price by making their dealers sign a MAP agreement. I can find a similar Queen lockback for $75 from one of their dealers. Both knives have jigged bone handles. The main differences, aside from price, is that the Queen has a D2 blade and is the larger knife. Both of these factors should increase the price of the Queen, not lower it. The GEC has sunken pins and the Queen does not. I've toured both factories. Queen does not use more automation or more advanced machinery. Every process that is performed by hand at GEC is also performed by hand at Queen. Some that are automated at GEC, such as watercutting the blades, are still performed by hand at Queen. I'd be curious to find out how people jive the idea that this is a cost saving measure with the fact that the knives made using this process are more expensive than knives made using more traditional methods that don't leave the pins sunk.
You can say that it doesn't bother you, and that's fine. However, to claim that it's a necessary evil is flat out wrong. This is a method that Bill Howard came up with, and GEC is the only company currently using it as far as I know. The price of the knives did not go down significantly, if at all, after they started using this process. In fact, their knives are more expensive than knives made by other companies that still use the old method that didn't produce sunken pins. The fact that nobody else in the industry has taken to using this method would indicate that it's not the only possible way to make a production knife affordable. This is a choice that GEC made. They decided that they'd rather make the knives easier to produce than make them properly.
I think ptradeco had it right a couple years ago when he posted this:
But when the historical record is examined in a 100 or more years from now where do you think collectors will place GEC, for example. Others are guilty as well. I think they will not be kind...After all, as said many times in this forum, if you the end user accept it then why should they change. This thread makes me think we have become too accepting of flaws and the producers will push this as far as they can.
In 100 years, after the marketing driven frenzy has died down, I think that these decisions will keep some otherwise beautiful knives from being considered among the finest slipjoints ever produced. GEC has no reason to change, as it's not affecting their bottom line, but we as collectors should be more diligent in demanding a product that advances our hobby. I don't think that this decision by GEC does that.