Pros: Overall Quality, Durability, Carry Position
Leatherman leather sheaths.
Received my first Leatherman PST in 1989. It came with a leather sheath with a metal snap, as have those that followed (PST II, Super,etc,). Some of the new models such as the Wingman have a belt clip, which is not a great idea if you're hiking or otherwise moving through a lot of trees and brush. So, if I give any of the basic tools that do not come with a leather sheath as a gift, I include one.