That is a beauty. Those sure look nice in your collection. I sold a cool one I found but wish I would have held onto it. If you find an extra let me know Congrats on a great keeper!
Thats a very nice looking Railway Tag, although I dont know if it would be considered a baggage tag. Most baggage tags had a claim number on them. It is obviously some sort of a tag for the railroad that was attached to something, maybe a mailbag ? Its still a great find no matter what it was attached to !
I can narrow the time range a little: The tag maker, C. H. Hanson Co., didn't come into existence until 1866. Actually, they still are in business and you may wish to contact them for more information.