Call it "Yankee thrift", call it "old world", call it "cheapness", call it what you want. I firmly believe that many things get better with age, and that visible wear and tear is far from a good reason to part with a perfectly serviceable and favorite piece of clothing.
A little wear and tear gives the right clothes some extra character, like the wrinkles on a kind face. Consider that before you throw something away. Just make sure the wear and tear is your own. "Pre-distressed" clothing is for suckers and chumps.
Get into the fray.
p.s. The Italian jackets are sold. Next time I drop such a hint, email me, like our lucky winner did.