I have never seen an example of Bob forming his capital B like that. Or his capital D, for that matter. The whole thing looks off, to me.
I don't like it, but I can't say it's fake. I can say this. I've been a customer of RR for decades. And a few times, someone saw photos of things I had, deemed them fake. And sure enough, they were. RR always gave me refunds, but still. Made me wonder how many other pieces I got from them, are also fake.
That COA is from Catalog 248, which is probably around 2002 or earlier when authentication was not as advanced as it is today. I don't think it's real either. RR had a lifetime guarantee then and they honor it, so contact them and ask them to check it out.
+1 RR is good people. They pull down problem pieces when notified and are also very nice folks. Bobby L. is a great guy. Bill White also.
There was another Dylan signed CD I saw on Ebay last year with an older RR Auction LOA. It didn't look right -- and when I asked them about it, they confirmed it wasn't authentic. I suspect the same is true for this one.
Thanks all for your thoughts, I'll be contacting them for a reply.