This Kitchin machete - which was made in Sheffield - came with a heavy leather and canvas sheath which was lost many years ago. There may have been some thin wood underneath the canvas, but I can't remember.
Does yours have a similar stamp?
Sheffield is just the name of a steel knife manufacturing center in the English midlands. A "Sheffield" stamping just IDs a knife as being English-made.
$2 is a really good buy!