Please identify this Gucci

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I received this bag from my grandmother and can't seem to find anything like it. I believe she got it some time in the 60s or 70s, she still has the business card of the sales person she got it from in Beverly Hills. It sort of converts into a different style. Any help would be appreciated!

That's such a beautiful bag! And with the box too. How on earth does the flap reverse?
 
My new bag but can't find the name anywhere...... It's an outlet bag though.

As I posted, I bought the same bag in black. It's not as pretty as the red one, but I love it! :)
The tag on mine says Gucci Microguccissima Soft Margaux G; however when I do a search many different bags show up???? Lol

I just ordered the red one from NM...thanks!
That's wonderful news. Congratulations! :)
 
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