V1 V2 V3, these are all my QC pics, imo they are not really that hard to tell apart.
My favorite is hands down v3. V1 had an orange look that no gen has. I personally don’t like the pale pastel colors of the v2, so the v3 is perfect for me.
If this is
v1
v2
v3
Then the V2 on this pic look closest to the original launch model gen where the blue was more purple and the red more pink and pastel
The V1 look more like the V2 on the gen releases where its less pastel and more vibrant
The V3 Looks like the current RO offering and I think the best combo but thats not to say the other are not as accurate they are just closer the to gen inserts around earlier is all.
This same conversation is had over on the Ro forums also, its just the rep forum seem to be hung up on it being close to gen, but which gen are you trying to get close too as they have differences too! This post has plenty of info in it but the saem questions seem to keep being asked instead of reading the posts and learning all the other good stuff it comes with.
Here is an extract from a post on the RO forum about the same topic, so the question that keep being asked on here "which version is it?" is relative to the verisons released by RO too
Long Answer - In an ever long search for perfection, Rolex has experimented with dyes for the ceramic bezel. As such, the Pepsi is known to have several bezel color formations, with each version commonly referred in the community as a "Mark" - you will see this mentioned online in the short hand as Mk1, Mk2 and Mk3, etc.
See picture below for the purported three* versions of the Pepsi...note the asterisk. See note below on the Mark 3...
The Mark 1 Pepsi is the original Pepsi that came out in 2018. It is the one that stands out the most because the ceramic blue and red colors that are the absolute lightest - some will even say the red is a pinkish tone to it. In the picture below, it is the first one to the left in the first picture below. Generally speaking, initial run Pepsi's in 2018 are Mark 1 bezels.
The Mark 2 Pepsi was a change on the original Pepsi and notably darkened the color of the blue and red. In the first picture below, it is the one in the middle. Mark 2 Pepsi's allegedly came out in 2019, no one really knows when the exact switch happened.
The Mark 3 Pepsi Bezel is arguably the one in production today. It is a darker shade of red and blue, easily the darkest one. If it purported to be the third watch in the first picture below, the one to the right. Some even say the numbers are a bitter fatter on this Mark. Not really sure when the Mark 3 came out, but the first rumours of a Mark 3 were in late 2019,
see this thread here where it was first mentioned.
Keep note there is some division among enthusiasts who claim there is no such thing as a Mark 3 bezel, and it is simply a Mark 2 with a minor dye change or batch changes and it is simply our minds playing tricks on us. I can say that you definitely can make any Mark look like another with the lighting choice and angle. Many think this "mark" stuff is nonsense and they have a point, without anything from Rolex themselves, it is all made up internet stuff outside of the very obvious change from a Mk1 to Mk2.