Coach doesn't want people to COMPETE with them. This makes perfect sense. They don't want unauthorized people to profit off of Coach products. Imagine if you designed your own line of purses and sold them locally... Would you want someone to buy half of your stock from you so they could resell them at a higher price somewhere else and profit off of your hard work? I don't think you would.
It would depend. If I had made them myself, each one was carefully handcrafted, etc... probably not. If I had outsourced them to a bunch of cheap labor factories in China to be made for pennies, that would be a different story.