Seems like an ok price, retail around here is $279. It is legal to carry them in our state as long as they are visible. For those that think they are a bit pricey you can always get a real katana, hand folded and made in a forge. The $5000+ price tag shouldn't bother you in the least bit. You can get fakes of these for $35 or so but I wouldn't display it to a group of blind razor blade testers.