I've seen other creeds of this style made in the same year and same plant with the same HANDCRAFTEDIN run-on words on the creed. Maybe the same template was used for the batch? The run-on words on the creed seem to have been fixed on bags of this style made after August 2001.
I'd like to see a closeup of the Coach logo stamp on the clip and the stamp on the leather patch on the side and a closeup of the hangtag. Otherwise, the other details of the bag look ok to me, but I would definitely want to see the additional pictures before bidding, as this style has some close fakes.
The only run-on words I see on the creed that the OP posted are HANDCRAFTEDIN. The words SUPERIOR CRAFTSMANSHIP and OUR COMMITMENT have a small space between the words. The creed of the bag in this listing has the same spacing:
http://cgi.ebay.com/Coach-Hamilton-...emQQptZUS_CSA_WH_Handbags?hash=item5636e0e730