So after googling for what seems like forever I found a business card of Heinrich Pracht who had a fur business in Germany either Pracht Furs or Pelzwaren-Fabrik which he started in 1867 (same date on label) and mostly made hats until 1926. I went on to find out his son ran the business after that until 1949 when the widow, Erna Pracht, took over and mostly produced fur coats, jackets, capes, and trimmings until she died in 1972 and the business transferred to Gerhard Niebaum until the factory closed in 1981. So I'm 95% certain it's from before 1981, most likely sometime between 1949-72.
Sorry if that was way too much info! I just get really interested in all the history and a little obsessive about following clues...hahaha
I was wondering about the button type bobble on the bottom of the inside next to the label. It looks like it would be an extra button, but it's not the same as any of the buttons and there is nothing for it to connect to on the other side of the coat...any idea?