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I’m wondering what size you need for the Free Series P4? Well, I contacted Leatherman. A sales rep told me the large sheath fits the P4.
Also for that price shouldn't it be grey
They are way of the mark at $50Compare the new Gerber Centerdrive sheath at $23 made in the US with US leather no less https://www.gerbergear.com/Equipment/Sheaths/Center-Drive-Leather-Sheath_30-001603(Image removed from quote.)