Woolen Reagent Bag vs Canvas Latchbag

Woolen Reagent Bag
Binds when equipped
BagReagent Bag
Sells for 50 Silver to vendors
Item Level 15
FOREVER New in World of Warcraft Forever: not in Classic Era.

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Canvas Latchbag
Binds when picked up
Bag
Sells for 62 Copper to vendors
Item Level 6
FOREVER New in World of Warcraft Forever: not in Classic Era.

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Side by side:

Set your class weights in Preferences to see which is better for you.

Stat Woolen Reagent Bag Canvas Latchbag Δ
Item Level 15 6 −9
Sell Price 50s 62c −49s 38c
Binding Binds when equipped Binds when picked up

Δ is Canvas Latchbag minus Woolen Reagent Bag: green where Canvas Latchbag is better, red where it is worse (a lower required level is better; speed and sell price have no better side). Total Stats adds up Str, Agi, Sta, Int and Spi.

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