How much should you pay for a wallet?
How much should you pay for a wallet? It’s a fair question. Wallets are one of those weird items that fluctuate in price significantly depending on which brand, shop or website you look at. Like any fashion accessory two of the same wallets can cost vastly different amounts depending on the brand you buy it from.
But with brand loyalty aside the real issue lies in whether or not the quality of the wallet is good enough to warrant a higher price tag. Imagine you buy an expensive wallet put it only lasts a year. You’d be pretty angry right? These are the sort situations you should shrive to avoid and that’s what this article is all about. I’m going to talk about how to look for a well-priced wallet and what to avoid when searching for your next wallet.
Look for Quality
The first thing you should look for is how good is the quality of the wallet? For example, leather is the most popular material made from wallets but have you considered the type of leather your wallets made from? Leather can be classified into different ‘grades’ ranked from least to the highest quality. I’m not going to talk about each of these different types (you can read my article about leather grades here) but you should know about the rise of misinformation when it comes to ‘genuine’ leather.
Although the name suggests otherwise the type of leather that falls under the ‘genuine’ name is actually one of the lowest qualities available. The term was actually thought up to confuse buyers into thinking what they were buying was higher quality than it actually is. Shady for sure and it’s a common issue some wallet brands use to reduce their manufacturing costs while still presenting themselves as a high-quality wallet brand.
When searching for a new leather wallet the first thing you should do is look for what type of leather your wallet is made from. As a general rule of thumb genuine is leather is made while fine grade or full-grain leather. If it doesn’t say then that’s shady in itself and probably stay clear. If you still want the wallet then send them a message and ask. But also air on the side of caution.
If the wallet is made from something low quality like genuine leather the next step is to see if the price reflects the quality. Remember, low quality leather will wear out faster reducing the lifespan of your wallet. A genuine leather wallet which costs anywhere above $60 is too expensive in my opinion. Obviously this depends on the other features (and other materials) the wallet may use but still.
With other materials (such as metal & Wood) it quickly becomes a lot harder to determine the quality of these wallets. Your best bet with these is to look at reviews online and see if the wallet is value for money. Remember, if you like a wallet enough price doesn’t have to play a big part in your choice. Pay how much you’re willing to pay.
Avoid Copycat Brands
Wallets are simple things to make. At the end of the day, they’re just a bit of fabric put together in a specific way. So many manufacturers have taken upon itself to copy popular wallet types and sell them on at a lower price. It might be tempting to go for one of these brands but in my experience, they lack quality and are usually mass-produced to trick people into purchasing the same wallet but of lower quality.
An example of this is with a wallet called ‘Dax’ who was a successful Kickstarter wallet. Even before they could get their product on the market manufacturers were already copying, producing and selling the Dax wallet under fake names. These wallets didn’t have the same quality as the original Dax and in some instances, people didn’t even receive their wallets in the mail.
Always look at reviews
Reviews are a great indicator of whether a wallet is well received or not. That’s the reason why this website was created in the first place. To provide a safe haven for people looking to find a wallet that they know is good and a brand they can trust.
But review sites are only one part of the equation. Looking for individuals – those who have purchased the wallet – is the best way to find out if a wallet is good or not. My recommendation would be to try and find the wallet on Amazon and see the reviews there.
At the end of the day, the price you’re willing to pay for a wallet is up to you. If you like the look & design of a wallet enough then that’s your decision to make if its price reflects that desire. I just ask that you stay cautious for brands trying to mislike customers and stay vigilant to the amount of fake or poorer quality brands knocking about.
If you want any advice on a wallet – or are unsure if a wallet is a good quality or not – why not drop us a message at [email protected] we’d be happy to answer any questions you may have.