I don't really like how it looks, compared it to twenty or so other Magie's and only the Probstein example and the PSA 2 shown have the same font. Both are completely different then all the others. It might be a plate issue similar to the Anderson with a few variations but the font looks fishy to me.
The back & front plates for the Magie should be quite limited to 3 or 4 identifiable plates..think of a vertical stack of 3-4 on a sheet..maybe 1/4 of the plates had this issue and there are fewer out there.
I'm quite suspicious of it.
** these are lined up 100% based on the outside black border, the P shifts as do many colours/layers through out the printing. Steve, could we prove that all Magie's have the Ps lined up vs Magee examples?