I have a friend, a Mr. Kidd, who is about ninety and has over the years accumulated farmalls of all kinds
He currently owns somewhere around 100 farmalls he strictly only collects farmalls, he has identified this tractor as a blue ribbon special based on the serial number and on the original red paint, which is still intact in certain portions of the tractor.
He says that this is rare, not any different from a normal regular but that it was painted red and had a blue ribbon on it when it left the factory.
He could say that the blue ribbon special is a somewhat similar idea as the ford golden jubilee. The jubilee was identical to a ford NAA except that it was created in 1953 and has special detailing in the front. The Blue ribbon special was the same as any other regular except that it was red and had a blue ribbon on it, something that makes it special.
I will have pictures of the tractor together and apart available as soon as i can figure out how to get them into the forum in a post. (I have been taking photos as i go as part of an antique tractor restoration project/contest through my FFA Chapter
This will be my fifth restoration of my own and 10th overall)