Looking at the detailed scans I'd have to think fake too. A bit less impressive than if they'd done the embossing, but still a pretty detailed fake. The metallic ink isn't easy at all. I'd love to be able to compare the screning of the picture area to an original to see just how close they got.
I'm pretty sure it's based on the top one of the genuine examples. The registration of the "embossing" looks very similar, and it has the same extra red mark in the border at the right tip.
It looks like the one in the original auction is the same as well.
Reproducing identifiable details in source material is a common mistake of fakers, and one we should be happy about.
Steve B
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