The picture was supposedly a premium issued by Alvarn, and it has the same picture/signature as the one on the brochure below (not my picture or my hand). If it were traced over, would it still be so light in certain areas? I would have thought you would have been able to see the printed signature underneath. Y'all know this stuff better than I do though.
My initial thoughts, after comparing it to the signature below, were that either 1) this was the proof used for the batting tips, or 2) it is a printed signature. I don't know though.