I have, but mine was mahogany. It didn't bleed on the lining. Yours looks pretty faded. I think you'll be alright.
That thing feels like butter, I'll tell you that. I'll add it to the Patricia and Court bags I have to dunk. My last pile all turned out great! I never would have known you could even DO that had I not found this forum. Between this and the Robert Durst case, I LOVE the internet!
