Even before the huge comeback of The Monkees in 1986, Rhino Records had licensed the rights to the group's original nine albums and immediately began a reissue program. The first round of releases occurred in 1985 and included The Birds, The Bees & The Monkees, Head, Instant Replay and The Monkees Present.
This is my copy of the 1985 Rhino reissue of The Monkees Present. It featured a colorized version of the back cover. (In its original 1969 incarnation, the photos appeared in black and white.) When Bell Records reissued this album in 1974 in Japan, they colorized the back cover. Apparently Rhino decided to stick with that layout.
Fans from the '80s are also likely to recall the promotional stickers attached to the shrink wrap of each of the reissued Monkees albums.
Here's a look at the original Colgems back cover as it appeared in 1969: