There has been a theory circulating amongst some collectors and dealers that the Orange style Godfather daybill is a second or later printing. However, there is no evidence to support that theory. The text on both daybills is virtually identical and there is no information in press sheets that would indicate that one came before the other. The fact is that daybills often had colour variants so it is not unusual at all to see the two different colours on The Godfather. The orange style is the rarer of the two but its desirability is tarnished by the guesswork that it might be a second printing.
If anyone has definitive information that proves that one came before the other please contact me.