This issue is known to have the color of the eagle across a wide spectrum of blues and grays.
The "34" is on a different plate/cylinder from the eagle. If the cylinders are not precisely synchronized, you get the "34" floating back and forth on a line parallel to the left edge of the top flap (viewed from the front of the envelope), which is the edge of the web. EFOs are known with the "34" several inches out of sync.
These envelopes were printed with flex, and the rubber plates wear resulting in a squishy appearance.
Here is an analysis I put together of three eagle colors:

Consider the one at the lower right to be the legend.