Easy Knit Coin Purse Pattern {FREE!}

Looking for a simple knit coin purse pattern? Something sweet to contain your loose change and trinkets? I have the perfect mini purse pattern for you! This lovely cotton knit purse works up quickly with a repetitive knitting pattern. You do need to be familiar with decrease stitches (working multiple stitches together), but it is not too difficult to master. The ‘Make Knot’ stitch pattern creates the most beautiful and interesting texture on the sides of the purse.

Keep reading to get the FREE knit purse pattern for this ‘Pretty in Pink’ purse. I’ve got all the details and step-by-step instructions for the little bag in the coin purse knit pattern below. It may just become one of your favorite quick knit patterns!

This post may contain affiliate links. That means if you click and buy, I may make a commission at no cost to you. Please see my full disclosure policy for more details.

FREE KNIT PURSE PATTERN

The idea behind this knit purse pattern is to create two sides of the bag with BASIC KNIT STITCHES working in rows. You will be knitting using a ‘Make Knot’ stitch pattern. Lastly, you will attach the sides to purse clasp, then seam up sides and bottom of purse.

The following is a list of supplies you would need to create one knit purse. Use similar yarn (size 4 worsted weight yarn) and the same knitting needle size to make your own. The skill level is Intermediate due to the ‘Make Knot’ stitch.

Supplies

• Worsted weight yarn: WeCrochet Comfy yarn (109 yds per skein) (color ‘Flamingo’):
  • You will need about 65 yds for one purse
• Size 6 (4 mm) straight knitting needles
• Size G/6 (4.25mm) crochet hook (for seaming)
• Scissors
• yarn needle (tapestry needle)
• coin purse clasp (approx. 3.3″ x 1.75″)
• coordinating thread & sewing needle to sew purse to clasps

Knitting Abbreviations

BO – bind off

CO – cast on

K – knit stitch 

k2tog – knit 2 stitches together                                          

k3tog – knit 3 stitches together    

P – purl stitch 

p3tog – purl 3 stitches together                                      

sts – stitches

tbl – through the back loop

Rep – repeat

RS – Right Side

WS – Wrong Side  

[ ] – repeat what is inside brackets # of times indicated

PATTERN INFORMATION

The FREE coin purse knitting pattern is provided below, for intermediate knitters.

• but you can also get the ad-free, printable pdf pattern for the KNIT COIN PURSE PATTERN in the ETSY SHOP!  The pdf has some helpful photos included, as well as a video tutorial.

How to Knit a Coin Purse

Here I will walk you through each step of making this cute knit coin purse, using your favorite yarn color. You will be using the Make Knot stitch pattern throughout the purse.

Finished Measurements:

• approx. 7.5″ width by 6.5″ length
• Measurements are for finished purse, seamed together

Gauge: 4″ (10cm) square = 20 STS BY 28 ROWS, blocked

Coin Pouch Knit Pattern

NOTE –

First, you will knit the body of one purse side, bottom up. Next, you will knit the top of the purse side, working decrease rows to taper, then bind off. Next, you will repeat the steps to make 2nd side of purse. Block both pieces. Lastly, you will sew the two tops to clasps and seam the two purse sides together . (It’s a good idea to pin the pieces together while seaming)

Knit Coin Purse FREE Pattern

Special Stitch in pattern:

• Make Knot: P3tog leaving sts on left-hand needle, then knit them tog, then purl them tog again, slipping sts off needle at end.
• (Note that the 3 stitches worked together will not move from left-hand needle until end of Make Knot. Be sure to move the working yarn to front/back/front again before working the p3tog, k3tog, then p3tog.)

PURSE SIDE (make 2)

With size 6 (4mm) straight needles, CO 35 sts with size 4 cotton yarn.

Other than the ‘Make Knot’ rows, you are mainly working in Stockinette Stitch Pattern (knit one row, purl the next).

Knot Pattern Repeat

Row 1 (RS): Knit. (st count will remain at 35 for Rows 1-8)

Row 2: Purl.

Row 3: K1, *Make Knot, k3; rep from * to last 4 sts, Make Knot, k1.

Row 4: Purl.

Row 5: Knit.

Row 6: Purl.

Row 7: K4, *Make Knot, k3; rep from * to last st, k1.

Row 8: Purl.

Rows 9-16: Work Knot Pattern Repeat Rows 1-8 again.

In the following repeat pattern, you will be decreasing by 6 stitches in the first row. The k2tog tbl creates a left-leaning decrease, while the k2tog creates a right-leaning decrease.

Knot Pattern Decrease Repeat

Row 17: K1, [k2tog tbl] 3 times, k to last 7 sts, [k2tog] 3 times, k1. (29 sts)

Row 18: Purl. (st count will remain the same for Rows 18-24)

Row 19: K4, *Make Knot, k3; rep from * to last st, k1.

Row 20: Purl.

Row 21: Knit.

Row 22: Purl.

Row 23: K1, *Make Knot, k3; rep from * to last 4 sts, Make Knot, k1.

Row 24: Purl.

Rows 25-40: Work Knot Pattern Decrease Repeat Rows 17-24 two more times.

Final stitch count will be 17 sts after decreasing twice.

Row 41: Knit.

BO purlwise (as if to purl).

Blocking Knit Purse Sides

Block both purse sides to 3” wide at top & 7″ wide at bottom, by 6″ length.

For cotton yarn, you can block by lightly wetting the yarn (you can spray with water) and pinning to blocking mat or towel.

Weave in any loose ends to WS.

Seaming/Finishing Knit Purse

SEW sides to purse clasp:

Use coordinating sewing thread or embroidery thread and a sewing/embroidery needle to join the tops of the two purse sides to the channel of the clasp.

Ensure tops of purse sides are tucked into each side of the clasp neatly, RS facing out.

After sewing, weave in loose thread inside of the coin purse.

SEAM two purse pieces together as follows (or your preferred way to seam):

(note – it’s a good idea to pin the pieces together prior to seaming)

Use purse yarn and a crochet hook (about 4.25mm) to join the sides and bottoms of the purse pieces together with single crochet stitches.

• Begin by joining yarn at one top side of purse, where clasp joins.
• Work single crochet stitches through row edges of both purse pieces on that side, across purse bottom, and up second purse side.
• Work 3 single crochet stitches into each corner as you work around purse.
• Weave in all loose ends on the WS (inside) of the purse.

Important Tips for Knitting your Coin Purse

Some things to keep in mind as you work the knit purse pattern are:

• Feel free to use stitch markers if you want to ensure correct row stitch count.
• Be sure to block the 2 pieces prior to seaming.
• Customize:
  • Make in any color yarn you wish – it doesn’t have to be pretty in ‘pink’!
  • Use any purse clasp you wish, as long as the width is approx. 3 inches and the height is approx. 1-2″.

Knit Coin Purse

The adorable knit bag makes a great accessory piece and is just the right size for quick trips or special events like weddings. The stylish design of this sweet purse is so interesting – you’re bound to get compliments when you bring it out. The ‘Make Knot’ stitch is what gives the pretty side of the bag it’s gorgeous texture!

The coin purse would make a great gift for a bride, bridesmaids, or a lovely lady who appreciates finer things. Since this particular coin purse isn’t very small, it’s the perfect size for not just spare change, but keys, cards, & lipstick, too!

Don’t forget that this knit purse pattern is also available in an ad-free digital pdf pattern.  The pdf has a few helpful photos and video tutorial.  Grab the KNIT COIN PURSE PATTERN in my Etsy shop.

Love knit accessory patterns? Check out these other knit projects…

Did you enjoy this free knitting pattern?

Check out all of my FREE KNIT PATTERNS HERE.

===> Remember to PIN for later! <===