Looks like some version of Century.

I played with this for quite awhile and can only tell you what I think, because I know nothing for sure. I think this is actually three different fonts, one for each word(maybe nuts who knows) and it has been messed with, the scale height has been increased and it has negative tracking applied for effect. Very close in adobe caslon oldstyle bold and baskerville simi bold. It appears as though outlines were created and a free transform applied without regard to scale(this is a no no). It's just what I think, and I think it will be next to impossible to find an exact match for this reason.

Jairus: have a look at the e’s and a’s!

I couldn’t find an exact match either, but alternatives include Scotch Modern, Benton Modern, Miller, Century, Ingeborg, Mondegreen, Bohemia, Escrow etc. As Jairus observed, it’s spaced tighter than textfaces usually are. That’s also why I first looked to ITC, but to no avail.

Btw, that inktrap on the “d” might be clue.

It's definitely not Caslon. What makes you think it's not Century?

Although it obviously is Century, I had to poke around MyFonts quite a bit before I could find a version that had the same degree of boldness and condensation.

http://new.myfonts.com/fonts/efscangraphic/century-no1-sb/

The next closest match is Century BQ Bold:

http://new.myfonts.com/fonts/berthold/century-bq/

Thus, nothing exactly like it is found from Monotype Imaging:

http://new.myfonts.com/fonts/agfa/itc-century/

or from ITC:

http://new.myfonts.com/fonts/agfa/itc-century/

or among Bitstream's versions of Century 751:

http://new.myfonts.com/fonts/bitstream/century-751/

and the versions of Century Expanded from Elsner and Flake, Scangraphic and URW++ consist of only the roman and italic, without even a bold.