Johnny,that's one of the things that had me confused also,was the red bleeding through the back.It seems like the reprint ones I looked at didn't have that.A lot of (not all) the ones that I looked at in graded holders had the red bleeding through the back.
Edit to add-I can easily see what iggyman is pointing out,and have decided if I was ever to buy one of these Gehrig beauties,I would only buy one already slabbed by SGC-these seem alot harder to spot than fake T206's!!!