That serif usually means Bitstream Arrus. But, in looking at Arrus, the C is wrong for one thing.

- Mike Yanega

Looking at the sample, the a's all look different, and so do the r's. Now, unless the scan was terrible, I would say this is hand-lettered,

- Mike Yanega

Doesn't that look much like Times bold? I would have reckoned the concave feet are due to the reproduction. (Or just hand-lettered, as you said.)

Andreas

This is just Times Bold put through at least one generation of (digital) photocopy or possibly a fax or some combination of both.