I wouldn't call them especially rare—that's a pretty subjective thing. However, finding a 1st Version Schrade contract 301 in good shape like yours isn't easy. That version may be the most sought after 301. Good for you.
You don't see early ones for sale on the bay often..Maybe once a month? Because of the 'crimp' on the bolsters marks it as a first year and is fairly distinctive collectors of the series try to add one to the collection..It is sought after. NIB (correct box with paper work) are seldom seen and will start a bidding war at times. A Spa from Buck WILL make it look new since its so close.
It’s a nice knife that I wouldn’t hesitate to carry. If you’re a collector, sometimes just the empty box and papers will pop up. But I like to carry them. I don’t care what it’ll bring at my estate sale. Lol.
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