All of my 47s look like the one on the left. I agree the one on the right looks like it took a bath a little to long or was scrubbed with something abrasive or corrosive. The one on the left is more clear on the portrait and beaver (hair and fur), but I do notice that the water lines are different. I know they had different varieties with the extra 2 lines behind the beaver, but the ones in front of the beaver, I can't remember if they were above or below the initials? Hummm, something to look up..