Technically it's not meant as a hangtag, it's a charm that was included with a handbag. It's alsmost impossible to say if it's genuine or not, but where is the seller getting so many of them?
They're either conning Coach out of sending them free ones although I doubt if Coach would have so many replacements avaialble for these styles.
Or they're selling the bags under a different ID and cheating the buyers out of the charms and hangtags. Either way, Coach or their other buyers are getting cheated.
They're also listing what looks almost like the upcoming Tassel keychain but that's supposed to be a KEYCHAIN, not hanging from a ball chain, and which AFAIK aren't even available yet, and when they ARE available will probably be a lot more than 29 dollars. Or maybe they're taking them off Willis Bags they're selling. OR they could be finding another way to "acquire" them. If anyone spots any Bonz or Ebay seller with New Willis Bags listed and being sold with NO Tassel or Anniversary charm, I'd love to see a link to the listing or the seller.
http://www.bonanza.com/booths/raceteam44
It's also possible they're buying fakes in bulk.
Their ID is NARU at Ebay, no sales since 2007, so apparently they're using a new ID to buy or sell. They imported their Feedback from Ebay and had a Negative and a Neutral
Sorry, I don't see how any seller could get so many genuine charms and hangtags. I DON'T have a good feeling about those.