The dress has a self-fabric accent bow at the waist and snaps in the back. It has a v-neck and single pleat in the front.
In my experience, it seems like the blue color is the one seen the least.
The cotton version is easy to find. It is currently selling for around $100 if it has never been removed from the package and around $25 to $30 for a dress in near mint condition. Add another $10 to $20 if the necklace is included. Obviously the price decreases as the condition deteriorates.
Both dresses should have the black & white cloth tag with Barbie® in script.
Here are the Orange and Blue:
(The orange is sometimes called Coral)
It received a definite upgrade in 1964 with the addition of gloves and heels and a new silk Shantung fabric. These are much harder to find and more more valuable.
These dresses will sell for around $125 if they are near mint. They are so rare to find never removed from the package, I can't even venture a guess on the value.
There is a very rare very dark blue variation that sold in July 2013 for $285.
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