The 2.55 Chanel handbag (so named because it was introduced in February of 1955) was not the first handbag Coco Chanel designed, but it has become the designer's most recognized purse. Made of quilted-leather and hung from a shoulder-length chain, the 2.55 features a flap that folds over the top of the bag and is secured by what's known as a Mademoiselle Lock, although updates on the bag have featured the fashion house's double-C logo on the clasp.

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