I'm a new rehabber too. I can't answer your questions but I can say I thing it's coming along great!!
Ps. I'd look at vintage fossil bag listings on eBay and see what they list it as.
It took a little more research than the creed number. But, I found the actual serial number and this is a Blackburn satchel that retails for $128.00. Looks like it came in a bunch of colors.
So after scrubbing, my fingers are now green... and I'm not real confident that the waxy-like stickiness came off. Hmm, now what to do? I might need to find some matching twilly type scarves....