 This is a Meijer's Purse American from the 1870s made of silk with steel beads, tassels, and rings. And as you can see it has two rings over the slit opening. These are 1878 Morgan Silver Dollars and they would slide right into one side of the purse. You see it drops down and you would slide your ring back. And you can do the same thing on the other side. And your money is secure. It has two different styled ends, one square and one rounded. And this would have been done to distinguish between the types of coins the purse contained. These being silver coins or gold coins. I purchased the purse from eBay and I was told that the seller's grandmother had made it around the age of 12. I don't know the specific reasons. Sometimes the purses were made as gifts or tokens of affection. But one can assume if nothing else it was used to hold coin money.