That exact Coach bag was on sale at the outlet this weekend for $189. I know because I bought one! LOL
I nearly got the larger one for only $60 more, but I like this size better. I would never have paid the original price, or even the previous outlet price (according to the tag, $319!) but under $200 made it mine.
Edited to fix price of larger satchel. I remembered the total ($249) but my math sucks. Hope you can get one, digby and jem!