The W codes I have photos of from 2002 and 2003 are all from China and they're genuine. I'd have to look at photos of any bags from those years or just before with a US code but I'd avoid buying them if they couldn't be authenticated before buying.
Below are a few probably-genuine creeds from those 2 years, notice the unusual font and serial number size. Also notice the the creed stamp was changed some time during that period but the serial number stamp is almost the same although the earliest one may have been modified or even replaced a few months later (Coach was using "leftovers" for a few new plants or plants they considered temporary and there seem to be frequest adjustments to stamps from the early China plants) - remember, creeds and serials were stamped separately and with different mechanisms.
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Is the bag meant to be two-toned or are they mistaken? 
