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DavidThe player images on T206s and similar appearing E-cards were reproductions of real photographs that were colored either directly on the photograph before reproduction or otherwise colored during the production/printing process. Both due to the style in which they were colored and the fact that the lithography used back then was rather primitive, the cards ended up often looking more like paintings than photographs.
I'm not aware of the existance of any of the actual photographs used. I have heard a few times that Marshall Fogel owns the original Honus Wagner photograph, but I'm not sure if that means he owns the actual Wagner photo used to make the card or an additional copy. The images were often used/distrubuted for other projects and even public distribution, so a collector can get one of these photographs, but not neccesarily the one that was actually used to make the card.