I own one from North of Scotland that was used to hold halfcrowns. My guess is that it is approximately 90-100 years old.
I'm guessing that this bag was used for (large-size) dollar coins. Judging from the "patina" of the bag and the tie string, it could have begun its life holding Peace dollars. Chris
I like it. It could have held half dollars as well. I collect mint bags and the mints would usually ship silver dollars by the 1000. Banks could be different though. Here is a link to my thread with my mint bags: https://www.cointalk.com/threads/mint-bags.286029/ Also maybe look inside yours. Shake it out, and see if any coin flakes fall out. Probably not, but you never know.
Some of the old ones like mine in the thread I posted above can be worth a little. Mine are mostly WWII era and held war time nickels and also my 1943 S mint bag that held steel wheats. A philly one sold in heritage back in 2008 for $125. I got into a bidding war over an 1860 New Orleans mint bag that held silver dollars. I stopped bidding after $350. It ended up going for over $500.
I've posted this once before, but just for fun I'll do it again . . . Wait . . . there's more . . . Wait for it . . . Wait for it . . .
I would do a lot of things to get one of them. They rarely appear for sale and when they do they usually are out of my price range. I have seen a few 1925's but never a 1931. Very cool.
I fantasize a bit about the survival rate of this particular bag. Why? Because all reliable estimates place the total extant '31P double eagles at less than the 250 pieces this bag contained. If only the coins in this one bag were liberated to circulation, and all others pulled back from bank vaults, this may be the only bag not destroyed when the coins were melted . . . I can dream, right?
I have a similar dream about this one: By no means should it be rare. But the only other 1943 cent bag I have see is a philly one. I have never seen a Denver or another SF like mine. Your 1931 is pretty amazing though.
Speaking of 1931. This one just ended: http://www.ebay.com/itm/322446041690?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT Burlap mint bag. I wouldnt mind it but not at that price.
The fact that there's a postal "Zone Number" (30) in the address indicates it's pre-1965, when Zip Codes started.
And btw, no, thats not something i would hang up and decorate the house w as shown in the OP photo (the wife would hang me next to the bag). I just had my own real life episode of american pickers . I also got another local piece, old metal thermometer advertising for a farmers exchange 5 miles up the road from here.(Lockbourne ohio) Has a 4 digit telephone # on it
One of my professors, who lived in rural southwest Virginia, still had 5-digit local dialing in the mid-1980s. I was stunned.