This is A Franklin Mint Harley Davidson knife based on the first bike produced by Harley Davidson in 1903. It comes with a somewhat weathered leather pouch
The company produced about 50 motorcycles that year and I believe they sold for about $200 U.S 

Harley-Davidson motorcycles are iconic and they have an American heritage that spans more than 110 years. The company was founded in 1903 in Milwaukee, Wisconsin. It was a collaboration of engineering and fabrication involving William S. Harley and Arthur Davidson, among others. When the Harley made its official debut in 1903, the world would never imagine the stronghold this brand would have on the motorcycle market.

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