Tom,
I think the knife may be a little later than that. We'll let others chime in with there thoughts.

What is the handle material Burnie? My old eyes can't quite make it out.

Burnie, anyone who participates on our forum can tell you I don't know much about old Randal Made Knives.
The only thing I can see is that it does not appear that the sheath was worn on a belt very much.

Looking at the catalog photos from the mid 40's and mid 50's it does not appear the blade grind changed much but by the mid 60's there is a big difference so I think mid to late 50's could also fit this knife which might better coincide with the spacer stock and sheath.

Perry,
It's ebony.

Burnie:

It looks ike a Johnson sheath with a non-typical button. Maybe an early Johnson. I would guess 1961 to 1962 on the sheath. I cannot see the nut but I am assuming it is chrome. That would make the sheath correct. It is a very unique and nice looking knife. Good find!

Mike Webb
RKS #4107

Tom,
Remember this is a 2-5" which I think carried the small blade stamp longer than any other blade length. And the sheath is a Johnson pancake, but the snap is brown metal!

Thanks Mike,
I think you are on the money with this one!

I'll go 1959-1962 era...Nice knife, Burnie.
Best, Capt. Chris
P.S. (The enameled snap is "tricky", else I'd go along with Mike...early 60's)...CCS

Those choils would make it VERY early 60's..... case could be made for late 50's but for the sheath. Super cool knife Burnie.........