It's not easy keeping up with Bocca but all I can do is try. The pink one is new. The gold and orange underneath are presumably older. The felt is softer and the detail is better. The pink is a bit stiffer (not terrible) and the graphics are not as crisp. These tips are good...piled together, they took on a blunt look. There are others on orange felt that are very stiff and the graphics are like a black blob. I kind of like these pennants - they're a unique design with the cheering people, the bridge and the steamer ship. I think Bocca has like eight variations!