The emblems would be under the gloss, so mechanical removal would leave a dull spot, just like erasing something from a modern card.
Red also fades really easily, but the "Boston" on the uniform is ok, so maybe not faded.
What's more concerning is how ragged the printing of the border around the name is. The inks of the time weren't water soluble, so just water wouldn't do that.
If you look at the name boxes on other examples, they are lighter than the borders. On this one the color is uniform.
Overall, either a complete outlier, or very iffy.
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