Maybe it is just me and my expectations for quality but I have had this wallet for less then a year and both sides as well as the tip are fraying. I can buy a wallet for $29 and have it fray, for $150 I expect a little more quality. My felling is that I bought a wallet for $30 and paid $120 for the word COACH stamped on it. Sorry but the letters C,O,A,C,H are not worth $24 each