Any Coach creed calling the bag a Coach Bean Bag is counterfeit. I just used Google to research because I purchased a bag on eBay & when it arrived, I thought there was something fishy about Coach Bean Bag being in the creed. I sent the link to the seller & they have not responded yet. Oh, I see this thread is old; I just joined the forum.
I read that a few bags actually did get the misprint, but it was caught by mid-1991. I'd say anything after that is more than likely counterfeit.It's ALWAYS a good idea to check the date of a post before you reply. Welcome to tPF.
There have been a few (VERY few) seemingly accurate copies of genuine Coach bags with creeds saying "This is a Coach BEAN Bag..." but the vast majority of them have been obvious fakes. The fakes makers apparently copied the creed from a Bean Bag keyfob or desk paperweight without realizing it wasn't a valid handbag creed.
Here are some examples of Bean Bag creeds.
The first one has not only a Bean Bag stamp but also a known always-fake serial number.
The second is one of the close ones, a Madison Satchel Spectator that I own.
The third is one of the really bad ones with gold stamping and spelling and punctuation mistakes.