The stamp itself is probably genuine. Images are too poor to determine extent of alterations/repairs, if any. #39 was distributed to certain few post offices, so if you review used copies on the Siegel site and the PF site and find similar genuine cancels, then this is a decent lottery ticket if one can get it for a couple of hundred dollars. However, also take a look at realizations for used #39's on Siegel's site - small faults bring big discounts.
it's amazing that often people will pay more for an uncertified stamp on eBay
than a certified stamp from a reputable auction house with faults properly described.