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E, DanielLooking at the back of that card, I would say with almost complete certainty that the color showing through is bleed. The image is perfectly reversed and colors in only where the orange shows, and take a peek at how on the back you can follow the image of his throwing arm....it ends at exactly the same point in reference to the border as the front.
I would think if it was a wet transfer, there is no possible way the image underneath could match so very perfectly the positioning of evers on the card as to create the most exact mirror image.