The Sheffield/Nowill Fairbairn-Sykes is OK for what it is, a weapon made for killing rather than fighting. It really has very little cutting ability. The strange sheath is the same as it was in WWII, and was made before modern LBE. From what I read it was intended to be sewn on to or inside of the owner's uniform. It probably still comes with this sheath due to most people buying it just to collect and they'd prefer the WWII style sheath.
Some people fold the flap with the belt loops over the belt for ITW carry.
Windlass Steelcrafts (Museum Replicas/Atlanta Cutlery) has a version of the F-S which has a ricasso like the older versions.
Depeeka (another sword company) has an inexpensive version with a wider blade which might cut well if sharpened.
For the really good ones you'll need to go to a custom maker. It has been a long time since I was interested in one, but there was a custom maker who had a very nice Pattern I (the version with a S-guard) for $400.00.
The Applegate-Fairbairn is a different knife from the Fairbairn-Sykes. I actually think it is a better fighting knife since it has far superior cutting ability, and the grip is better.
Mine cost nowhere near as much, but I bought it many years ago, and it came with a usable but not very good and not concealable nylon sheath and the current version comes with a kydex sheath.
I used to EDC the smaller A-F Bootknife which I still think is one of the better defensive knives in that size range.
If you don't really need an actual F-S or A-F and just want a dagger in that size range, the Gerber MKII is another option.
I think the best dagger in that size range out of those I've seen, however, would be the Cold Steel Taipan.
"Why should I trade one tyrant 3,000 miles away for 3,000 tyrants one mile away. An elected legislature can trample a man's rights as easily as the king can." Benjamin Martin, The Patriot
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