Visually, this does fit with others regarded as fakes.
As Ray has said, the P and Y are different colours. This fact was noted and published in the December 2000 issue of the PCC newlsettter (CPC in those days) and also as shown in my web pages. So far, this two-colour feature of the letters has been confirmed as applying to all known examples (at least, for all those examined and reported by various collectors).