I own a high end wool hunting jacket. Retails for about $450 I think, but I won it for the cost of a $20 raffle ticket. After freezing my butt off in it too many times, feeling the wind blow through it like my patio door screen, and listening to the constantly noisey liner every time I moved, It now mostly takes up space in my closet.
For $150 I bought a Gander Mountain TecH20 4-in-1 jacket that's dead quiet, waterproof, blocks wind and keeps me warm even when it's below zero outside. And since it's really two jackets (one inside the other that's removable), I can slip out the inner jacket and wear that when the weather's warmer.