Always love seeing coin currency from around the world. In this case, I'd love to see a colored version. I think some hints of orange and pink for the shell, pink for the flamingo, blue for the merlin, the colors of the crest... It would be lovely!
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I've never seen any colorized versions from the Franklin Mint, but this was back in the seventies. I wonder if anyone did that aftermarket? I've never seen any. But since they were limited in mintage no one may have done that since it could diminish the value of the coin with some collectors. Colored coins are becoming more accepted in the collecting community now though, so hard to say!
!pizza
Oh no, I doubt anyone colorized an original, because as you said, the value would diminish. However, if they wanted to make a 50th anniversary edition that was colorized, that would be really neat!
...And a new coin to collect 😄