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Jonathan-Your sheath was made by Knife-Crafters of Chestnut Hill, Philadelphia circa 1940's , a custom knife company.Here is a link to " Blade's Guide to Knives & Their Values" 7th edition page 358 which tells the complete story of Knife-Crafters.
https://books.google.com/books?id=E6NZd17WtWoC&pg=PA358&lpg...
Jonathan-Knife-Crafters was best known for throwing knives, but they also made combat knives for our fighting men during WWII.From what I've read, they often cut down the blades from bayonets and swords to make some of their combat knives. If the knife matches the sheath it is pretty valuable. Even the sheath alone is probably worth many times what you paid for it.On a side note, here is a comment from Bernard Levine I found about Giles Wetherhill .
"Custom Knife" is an unfortunate misnomer that just won't go away. The term was coined by Giles Wetherill in the 1930s. He sold "custom" knives to rich sportsmen by taking their measurements -- in imitation of the way a custom shotgun is fitted. He then proceeded to make them the exact same knife he made for everybody else, and charge them 10x the price of the best factory knife of the time.Bill Scagel made fun of Wetherill's racket, probably ticked off that he hadn't thought of it himself.
Here is an ad from 1945 for Knife-Crafters-
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