When Polo released the retro version of this particular hat, they dropped the ball. Poor quality materials, shoddy construction, and worst of all, it looks terrible on your head! Awful shape and nasty fit. So the obsessives in Japan descided to fix it.
This hat is essentially a perfect copy of the 1992 original. The shape is immaculate, the cotton used is higher quality, and the patches as embroidery are absolutely perfect. Sorry Ralph, this is just better than yours.