Just came across this on ThredUp, and thought it was interesting. They now have a "reject" section where you can buy a box of 5 coach bags or 10 non-brand specified bags for $80-90. All have defects, but this could be fun for someone who enjoys bag refurbishing as a hobby.
ETA: I'm not sure if I'm allowed to post the link here but it should be easy to find by googling if you want to see it.
ETA: I'm not sure if I'm allowed to post the link here but it should be easy to find by googling if you want to see it.