Imperial Schrade was contracted to Colt to produce these bayonets, and they are not terribly rare. Around 30,000 of those were made.
$60 bucks is bottom of the barrel when it comes to many modern mil-spec bayonets, some of the old Vietnam era bayonets won't fetch much more than what you paid, so I'd say you're about par.
edit on 31-12-2010 by projectvxn because: (no reason given)
