The embroidery shows some wear and has a nice patina. I believe the original color was a deep maroon and the leather embroidered decor may have been cream or yellow. The original maroon color can be seen under the flaps. As is customary, the shoulder strap is a lovely heavy knotted cord that is still in excellent condition and hangs from metal rings. The main compartment is roomy and there are four exterior pockets including a change pouch on the outside. 

Please see photos for details and do your own research regarding value. I have not found anything like this for sale on eBay. From a smoke-free home.