I love this simple drawstring coin purse tutorial from Pascale at Between the Lines. As she puts it:

The nice thing about these coin purses is that you can make them in any size, really. Make them for keeping your change within reach, to keep little secrets, to hide baby teeth under your kid’s pillow for the tooth fairy to come, or as an alternative gift wrap for jewelry, Easter eggs, or other tiny goodies.

The fabric lining is a lovely touch, and I like the way the leather wrinkles up like an elephant when you draw the string! What a great easy reuse project to do with kids, too.