We recently obtained a $45 pepper grinder. Before you assume we're ridiculous people, know that it was obtained with a gift certificate at a Viking store. Given our rich collection of knives and what not, the stuff we could buy usefully was limited, and not enough for an actual stove or something.
But let me tell you... when you pick that thing up, you know you've got something awesome in your hands. I'm reminded of the time before I realized that an expensive All-Clad frying pan was worth every penny. So goes the noble pepper grinder. I've been through countless others, all crap, breaking, getting jammed or otherwise failing its basic task. Not so with this monster.
It has a spring loaded dial that grinds in fine, medium and coarse, and the actual grinder parts appear to be ceramic or something. It doesn't get jammed. It's worth every penny that we didn't spend, but now that I know better, I'd be willing to spend the same amount of my own cash. Totally worth it.