Look for yourself:
http://www.ebay.com/itm/T206-Ty-Cobb...MAAOSwn7JYE6BZ
And look here at PSA Certification Verification #31574558:
http://www.psacard.com/cert/31574558/
The PSA site says the T206 Cobb card with that ID number was encapsulated "with the embedded PSA hologram on the label." The card up for auction doesn't have the hologram.
The PSA site says the card was entered into PSA's system as a "T206 SWEET CAPORAL 350-460/25." However, the flip on the card up for auction says only "T206."
The card itself looks like a reprint. And just looking at the typeface on the flip, well, let's just say it looks unusual and unfamiliar.