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Looks like a nice wallet, but the 15 dollar wallet that's been in my pocket for 10 years looks new. It just seems a bit costly for the amount of material used and simplicity of design.
That's like comparing apples to... crab apples. Your $15 wallet was probably assembled overseas from super low grade leathers. With this wallet, you're paying for top quality US leathers from Horween and US manufacturing.
Great comment. No need to buy a new one if you are happy with what you have. Most of the $15 wallets I've seen explode within a few months -- sounds like you got a winner!
Sidebar: I'm glad the design looks simple. That is my goal. The Johnny the Fox I make is surprisingly difficult and complex to make. There are nine pattern pieces that need to be perfectly lined up and sewn together. It is tough to keep things straight with this many pieces. You can check out some more details on the process here: https://ashlandleather.com/blogs/news/johnny-the-fox-interior-leather-options