Pre-owned and in excellent condition Authentic, I purchased this myself from a Louis Vuitton store about 6 years ago and never used it. The only wear is slight patina on the gold zipper pull, exterior and interior of the pouch are pristine. The clip opens with a spring loaded sliding method. Feel free to send me a message if you have any questions about the item! Description from the LV website: Crafted from historic Damier Ebene canvas, the Key Pouch is a simple design elevated by refined details, such as an LV-engraved zip and grained-leather lining. Playful and practical, it can be carried in different ways and will hold cash, cards and other small items as well as keys. 4.7 x 2.8 inches (Length x Height) Damier Ebene coated canvas Grained cowhide-leather lining Gold-color hardware Zip closure Key ring Chain with hook