The charm appears to be okay but the necklace isn't Coach jewelry.
This seller, coach_fanatic, is slightly more transparent than some other "custom" jewelry sellers in that her listings do state "[FONT=Arial, Times New Roman, Verdana]Hand Crafted by me from Coach's Multi Jewel key fob ring #92642.[/FONT]" but many buyers don't fully read descriptions and may not realize that they're not getting a Coach item.
The seller buys Coach keychains, dissembles them and uses the charms on her own generic chains.
Edited to add the following:
Seller Coach_fanatic has been mentioned here before as a seller of handmade jewelry which she describes as "Coach" without disclosing that Coach isn't the actual maker of the final piece. And even worse, some of the keychains she takes apart to make her overpriced items are FAKE. Do NOT buy from this seller.
Here's the thread, she's been reported to Ebay before:
http://forum.purseblog.com/coach/fu...er-coach-edition-430751-183.html#post15279069
ETA: After reading Hyacinth's response that the seller doesn't know the difference between real and fake keychains, I wouldn't recommend Coach_fanatic.
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