I can relate to this. Sometimes it's good to have a low profile bag in certain situations, an example for me was when I would go to an Oakland A's game, I wouldn't want to be flaunting a flashy bag in an area like that. Plus, someone can spill something on it when they walk by you with beer or food.
I didn't have THAT many
coach/MK bags, mine were from the outlet though, so I had maybe paid $90-125 for them. I ended up donating one and selling the other at a garage sale. I still have one MK bag because I do like the brown leather.
I did recently buy 2 bags at Coach and MK outlets. I was looking for a small black cross body bag for around $100.
I do have a few LC bags, plus a luggage piece and will likely add another one into the mix. I don't plan on selling these. I like having them for totes because I don't need to worry about banging/scratching/staining them up.
There are also other situations when it comes in handy to carry an under the radar bag (and not wear nice rings), like if you are haggling for something! That's one example that comes to mind!