You are so right about the pricing it has gotten outrageous, even in this bad economy!. It is hard to imagine spending 500-1200 on a wallet, yikes! Coach is making some beautiful bags this season, but my heart is with MK right now, I have bought Coach for years and have loved them, but where I live the market is getting flooded with them because of the outlet stores nearby. I hope someday you will get and enjoy an MK bag. I think you will realize the quality is super nice and the styles are so amazing.
Tazfrk look at this

http://www.coach.com/online/handbag...0000000000013514&navCatId=7100000000000000635
http://www.michaelkors.com/p/MICHAE...at=cat000000cat8501cat34702&isEditorial=false
Exact same wallet!! Different price!! I would definitely go with MK especially when it has hardware and it's cheaper than the printed more expensive Coach. I'm def with MK too, I find too many people here have Coach and way too many fakes.