Not two knives, but two different manufacturing periods. If you have looked at many Schrade-Waldens you will find that you will come across some that don't look like others, as far as machining, grinding, and handles. Those with celluloid handles and bone look exactly like Schrade Cuts, but are stamped "Schrade-Walden". Exactly. The second Schrade-Walden you'll encounter is made exactly like their later "Schrade" marked knives. Exactly...machining, grinding, everything. And the'll have Delrin/plastic handles. 

No, they aren't the same in value.....or at least shouldn't be. The Schrade Cut. look-alike should bring a good bit more. 

Okay, how do I know this? Let me first say I'm NOT trying to blow my own horn here, or trying to "name drop"......okay, I like to name drop. LOL! I'm just stating facts and history. Remember Jack Webb? "Just the facts ma'am".

Here we go;

Back in the 80's I had one of, if not the largest, Schrade-Walden collections in the Country. I sold the whole collection to Kevin Pipes and crew lock stock and barrel.....except for the two below.

As I started collecting Schrade-Waldens, I noticed the differences. I wondered about it, and worried about it until it drove me nuts! I started writing people (the days before the internet). I got phone calls from Herman Williams (Schrade-Cut. super collector, customizer, and Schrade's repair man), Houston Price, and Bernard Levine.  They said my theory was very interesting, and would help me look into it. 

Houston Price and Bernard Levine then asked me to write the Schrade sections for their books; Knives & Their Values 2nd Edition and Official Price Guide to Collector Knives 10th Edition. I was honored to say the least! And felt humbled, because I thought "Why would anyone think I know anything?". But I did a heck of a lot of researching. I was obsessed with it...and Schrades!

And this is what I wrote in 1991 from the "Official Price Guide to Collector Knives 10th Edition By C. Houston Price; (Herman Williams, Houston Price, and Bernard Levine concur.)

"This book's first listing of Schrade knives consists of those produced from 1904-1947, stamped "SCHRADE CUTLERY CO., WALDEN N.Y.". The next listing includes some of the knives produced during the era of the "Schrade-Walden" stamping, 1948-1973. Knives produced during the first ten years of this period are becoming as popular with collectors as the older "Schrade Cuts", and their values are usually nearly the same. When Schrade's knife production moved in 1957 from the Walden factory to the Ulster factory in Ellenville, construction changes included a switch from bone to delrinand to different blade finishes. Knives produced during this latter portion of the Schrade-Walden era are not included except for those listed in the commemorative section. Their values are generally less than half that of knives from the early Schrade-Walden era."

The Walden factory is where the "Schrade Cuts" were made, therefore, the early Schrade-Waldens were made exactly like the Schrade Cuts.

I hope you found this interesting. And PLEASE do not ask me questions about Schrade knives! Why? In all the years since I collected Schrades, and researched them like a mad man, I have grown old, and I have forgotten more than half of what I used to know better than the back of my hand about Schrades!!! Sad, but true!

Here's two I kept form my collection - from the "Early Era" of Schrade-Walden (and I've seen these same two patterns/models stamped "SCHRADE CUTLERY CO., WALDEN N.Y."!);

Peach Seed Bone 

Celluloid