I don't care what anyone says, Coach is a high end designer. If it's not out of season at a discount store, or at the factory, you are paying $200+ for a good Coach bag and that's nothing to sneeze at. So yes, if you own Coach, you own "high-end". The next level up is the 4 digit bags like LV and Chanel, which are considered luxury...
I agree, I have purchased new bags from coach costing about 500.