I glanced at a few coin-purse patterns on the internet and adapted to make one of my own. This isn't meant to be a guide for others felting, but rather, a chronicle of my own journey--my first felting project, which turned out as any first project usually does--a charming failure.
However, if you want a guide, Knitty has a really excellent one!
With a worsted-weight wool, I cast on thirty stitches and worked in stockinette stitch for about six and a half inches. I used size six needles (bamboo are my favorite), which was likely too small for felting, but still, a part of the process and learning experience.
(PS: That clean floor? I would say it was a birthday present, but really, it's because one of our dogs [ah-hem, one guess--why, yes, it was Z] got into something and was sick all. over. the kitchen floor, and I suppose Ryan not making me clean it on my birthday was a kind of gift.)
When I got to where I roughly wanted to stop, I began to decrease using k2tog and p2tog, one on each end to create the flap. I love the way st st rolls--it reminds me of a little gnome hat in this stage.
In retrospect, if I try this particular project again, I'd slow the flap down; when you see the final project, you'll note that the flap is incredibly mealy looking, and I doubt any coins would stay inside this little thing. Perhaps one could consider it a film case (rolls would fit nicely in there) or chapstick / lotion holder.
I matched up the two sides up and sewed. I opted to put purl-side in because other patterns I've seen with mixed wool and acrylic will show the knit side, but this is also the side the lip curls out with, which adds to the lumpen final appearance.
The button is one of those extras you get tied to a new dress shirt, and though I love my button collection, I don't think I'm yet ready to deal with functional buttons on felted objects. But because of the end-product, it wouldn't be difficult to slip something into the project without even opening the meager flap.
Above, with a few washes to go.
I think, with this one, I'll use it as a kind of wrapping for a real gift. I hesitate to throw it out (what a waste!) but it's not worth keeping, so this is my compromise.
I've already cast on to make another attempt, another variation, and the person who receives this lumpen wrapping paper can know that tossing it is OK, and that this person will be the receiver of actually nice felted objects in the not-too-distant future. But this one is still given with love. As wrapping.