It looks pretty
good to me. The lettering on the second photo is very typical of the "
reverse" lettering. The lettering on the first photo is a
bit harder to interpret. I can see the colour difference but can't actually tell how the letters are cut. Maybe another photo with the light at an angle that shows the depth of the letters?
So far all the
fake diplomas I have seen have been either
complete or very large (i.e. 3/4 of 1/2) "fragments". Many are just total crap. But even the few with half-decent lettering don't have convincing patinas. But I am sure that will all change one day. Maybe once everyone learns you can't get a whole diploma for $100-200 the crooks will start faking smaller fragments.
Shawn