This little cutie has very smooth leather!! She came to me rather dry so I’ve given her a few rounds of conditioning with Bick 4 Leather Conditioner. She could use a few more, gradually! Another neat design by Coach! The strap IS the drawstring! You pull the sides of the bag to open and simply lift it by the strap to cinch it closed! It has 1 interior slip pocket. Only thing of note I see are some ink marks inside & a dark mark at one corner that is possibly ink…but I’m not sure. The drawstring is mainly where you see the dryness but there are no splits! PLEASE ENLARGE ALL PHOTOS TO REVIEW! This is a vintage item….it is not new! The patina and marks add character and charm to the item!! Many purchase vintage for these very reasons! If you have any questions or need any additional photos or info, please don’t hesitate to reach out to me! Dimensions: 9 L 11 H 5 W 11 1/2 inch shoulder strap drop at the longest notch, adjustable shorter via 2 additional notches. Offers welcome!