There is a beautiful version of this song recorded by Eliza Gilkyson on her 2005 album, Retrospecto. The notes to the album state that these songs are old and previously unreleased song, so Take of Your Old Coat may come from some way back. It appears to have been written by a team of three, as shown below, but clearly owes much to Peter, Paul and Mary's 'Old Coat', unless, of course, it predates it. As you can see from the associated posts, the roots of the song go way back!

“Take Off Your Old Coat”
By Terry Gilkyson/Richard Dehn/Sam Eskin
© Blackhawk Music/BMI

I've searched in the east
I've searched in the west
For the riches that others
Were hoardin'
Fortune is a blind god
Smilin' in the breeze
And forgetting me
On this side of Jordan

(Chorus)
Take off your old coat and roll up your sleeve
Life is a hard road to travel
I believe

Thunder in the dark Clouds
Lightnin' in the trees
No shelter above my head afforded
Battered by the hail stones
Beaten by the breeze
That's my way of life
This side of Jordan

(Chorus)

See that ragged owl
His tattered wings expanded
He's nailed to the doorway
As a warnin'
So am I by good folk
As outlaw branded
Yet I've hurt no one
This side of Jordan

Up above an angel
Patchin' up our blunders
Trials and troubles
He's recording
Will I find a change there
Better times I wonder
When I reach the
Other side of Jordan

(Chorus)