Found in the late 1930s during the demolition of Coventry's medieval streets. It was on Butcher Row, which would once have been a popular shopping area.
The purse has holes along the top, and a leather thong or rings would have connected these to a purse bar, which hooked onto your belt. It's made of a very frail material, possibly calf or sheepskin, and it's been darned and still has a sizeable hole in it, so it would have been easy to lose your money- perhaps that's why so many Medieval coins are found today!
You had to be quite wealthy to even own a purse- the 'plebs', if they had any coins at all, would have carried them by other means.