Dont know what to tell you,but everything else points to its authenticity,the creed,the serial number,the YKK zippers interior and exterior,the double stitching,the leather,the Coach Leatherware Est. 1941
En the look in coach I just think its got a lot of stains and hopefully a good dry cleaner can get out but its used & will be hard, the peeling is not something coach metal does its very duravle, so ithinking what it could be is when shipped coach or bags they will put a form fitting plastic on those parts of purse clear so u might not notice and it will start to peel off! In any case good luck everyone!
look on the zipper on the metal where you pull it before the strap the little metal tab there should be stamped mark with 3 letters on it what are they sorry if you don't understand what am talking about