Actually I pretty sure that the Gerber/Loveless is 12C27 because it can be drop forged to shape, reducing a lot of machining time to form the integral bolster.
ATS-34, BG42, etc etc probably cannot be drop forged in that fashion.
Oh Yes, the integral bolster.
You cannot buy an integral hunting knife of similar construction from a good maker for less than $400.
Maybe that explains some of the price?
This Gerber's 3rd Loveless Collaboration I believe.
The Guardian boot knife and dagger, as well as the Loveless folder were done many years ago.
They weren't trying to hit a homer, just sell 2001 of this classic knife. There are plenty of collectors who will buy them for the Loveless connection, and with all due respect to the makers mentioned they aren't Bob Loveless.
The devil is in the details guys, and you have missed some of them here.
1)Integral
2)Custom sheath
3)Limited edition
4)Loveless
Not a defense, just a possible explanation of the price.
I would prefer BG42 or 154-CM, but for reasons mentioned above, I dont believe that is possible at anywhere near this price with distributor, dealer, and cataloguer margins figured in.