They're both good but I have a preference for the classic red Toy Hammer. I've seen ones that look like it used in anime a few times, and it's the one featured in Animal Crossing New Leaf, so it has more of a draw to me.
The OG is iconic, but the pink Toy Hammer is definitely my favourite!! I’m a sucker for vibrant pinks, and the hammer’s shade of pink is so pretty! It also compliments the green of the handle super well imo! Perfect spring vibes, whereas the OG has those timeless summer vibes
I prefer the red. Although I am a little biased as it's my favorite color, I do love pink and green combos; I just feel like the shades are too harshly contrasting to look good together.
Regular Toy Hammer is obviously iconic and reminds me of when I played AC:NL so often. However, I rarely used the collectible version when I owned it. I think overall the Pink Toy Hammer has more potential to match collectibles I own, so I chose that as my preference. I am hoping to get both during this event, though!
I prefer the original Toy Hammer. It reminds me of the Mini Mega Hammer from Mario Party 4. I can't say I'm a fan of the pink hammer. It's too bright, in my opinion. Maybe a darker shade of pink would have changed my opinion, or at least made it more of a contest.