Looks like Trajan to me.

Here's a close up of it... looks slightly different from tragan to me (the R specifically)
http://cl.ly/g1T

Definitely not Trajan. Look at the M and N as well. I will try to see if I can find it once I can see the image again.

- Mike Yanega

Similar http://new.myfonts.com/fonts/agfa/sackers-light-classic-roman/sackers-li...
see http://typophile.com/node/69904

Also similar, but for A and R:
http://new.myfonts.com/fonts/shinn/beaufort-pro/

Thanks guys, I'll look into those two. Its a really nice face, I wish I could track it down...

This one is not exact either, but I think Cresci is fairly similar.

- Mike Yanega

PF Monumenta Pro looks like it could be it.

I vote for doctored Felix Titling...

try over here:
http://ericskillman.blogspot.com/

I think I found it. This is Pacioli, without the outline structure (lower case in font map). The search term that turned it up was 'inscribed'.

- Mike Yanega

I was a bit lazy...
"Die Schone Schrift" by Frantisek Muzika, II, page 34: Felice Feliciano, year 1463, page 38-39: Luca Pacioli, year 1509.
congratulations:)

I did not have it in my Serif Guide, but now I do (along with 4 other new fonts for the Guide found during this search).

- Mike Yanega

Very nicely done, Mike. Persistence. This one was driving you crazy too, eh?

Thanks. Yes, you know it. These feel good when you can get a clear answer. Especially with Serifs these days, if I don't know it and I don't have it cataloged, then I want to know what it is.

- mike Yanega

originals (more than 500 years old):
Feliciano

and Pacioli

Thanks Jan for posting those.

- Mike Yanega

Wow, I am really glad that I read this thread.

I have both learned something new, and remembered that I don't have a copy of the Criterion Collection version of The Seventh Seal.