This is a Coach Red Leather Basic Bag with a detachable 36 inch leather strap. This bag was made at the Factory in New York City which is verified on the Creed along with registration number 794-8648.
The Coach Basic Bag is flexible enough to use as a clutch, a wristlet or a shoulder bag. It is large enough to carry everything you need for an evening out and could be used as your daily bag if you chose to. I found this bag listed in my Spring 1982 edition of my Coach catalogs. This is what Coach said about this bag over 33 years ago:
No. 9455 Basic Bag. $66 The Coach bag that started a look. Soft, perfectly proportioned clutch swings off the hip on detachable shoulder straps. Does double duty at night. Inside pocket. Solid brass industrial zipper with wrist strap pull.
Length: 11 inches
Height: 7 inches
Width: 2 inches
This bag is in good condition. There are no rips, tears or holes in any part of the bag. However, like many vintage bag this age there are plenty of scuffs, scratches and dark marks. I have cleaned and conditioned this bag with Leather CPR but in order to get it into really good shape it needs some time and attention towards rehab that works restoring the dark areas to a fresh new appearance.
Significance of New York Coach Bag:
This Coach leather bag is one of the most sought after Coach products by collectors because it is a "New York City Bag". These are some of the highest quality Coach products. "New York City" bags were made in the original Coach factory in New York City that operated from the late 1960's through the mid 1980's. Consequently, they are disappearing at an alarming rate and when you buy a New York City Coach bag you are buying more than an accessory, you are making a potential investment.
If you prefer a different style vintage bag, I have many in stock and you can see it at my shop at https://www.etsy.com/shop/ProVintageGear