Yes, that's correct, capacity (large) wallet has the plaque and regular wristlet has the logo painted on. Personally I prefer the capacity wristlets since they can be used as cosmetic bags or a clutch. Small ones are pretty but not very useful for me, I know many use them for receipts or coupons or as a wallet but they don't work for me because of their small size. Plus, I do love the real logo! If you can get it for a good price I would definitely opt for the large one.