Same here in San Francisco Bay Area. 3 years ago, you could pick up an occasional Coach bag for $12.95. I thrifted some great bags then, just hanging on the end caps - I got a binocular bag and some others, and even passed on some due to condition (which I REGRET).Where do you live??? In the Pacific Northwest, thrift shopping has become quite expensive. It's hard to find bags like this so easily without paying like $50.00 or something. I noticed on the East Coast, thrift stores seem to be much more reasonable.
Then, SF Goodwill started putting Coach authenticated bags on Shopgoodwill.com and put every other Coach item behind the case. Now Coach bags are $25-$50 and backpacks and brief cases up to $100.
The only way to get a deal here is from a local individual or an estate sale.