Long time fan of SBL and I also own the backpack (which I love).  Their products and customer service are top notch.  The wallet was very stiff when I first got it but has since relaxed nicely.  It is a very thick leather wallet which I have no doubt will last for many years and may actually live up to their incredible 100 year warranty.  The SBL motto of buy once, cry once is fitting with regards to the price.  I should note that this is a thick wallet and may not be ideal for those seeking a front pocket wallet.