It's a little bit cheaper quality than I was hoping for, given the price. The leather is a little thinner than I'd prefer, but not a deal breaker. Really the disappointing part is the leash and ring on the collar. The leash's fastener seems low quality and gets stuck easily. The ring isn't soldered together and seems like it might bend, plus it has kind of sharp machined edged are the it meets.
I consider what I paid to be fairly mid range in terms of price, I wasn't expecting the best of the best, but this is a little worse than other things I've purchased for less from other stores.