I don't know if it's limited edition but it may be an older style or a seasonal piece that is no longer available. I'm not too familiar with the monogrammed or PVC items so hopefully someone else can chime in. I would however advise only purchasing it if you like the bag/wallet and intend to use it, not because it's limited edition (although it could be tempting and may play a factor). In the same sense, it's a personal decision whether or not you think the bag is worth the price listed. Try researching the bag and see how much it's going for elsewhere, how much it's MSRP was, and if it's still available through MK or their outlet. Hope that helps[emoji5]