When I worked at S&W I was co-located with the employee store....and one little advantage workers had was than some 2nds were sold in house only.
ALL "seconds" had a number 2 stamped on them.
Every once in a while you see one out there..I have a few...I treat them as rare.
On a different thread it stated Blackie Collins bought 2000 kits from S&W and sold them through a 3rd party. These were not just a bunch of extra pieces thrown together to mix...match...and sell. They sold for around $38 in 1973.
S&W was respected for high end quality work only..... and the reputation of their logo would never have been tarnished by inferior products going out their doors.
If you ever get a chance to hold ANY of the S&W "Collins" knives from that era.....you will want them all. Unfortunately nice ones are getting harder to find...plus commanding higher prices.
PEACE..