robofreak wrote:I believe it's real.
The Encore release would have had a more 21st century date on it. (I think)
Nope. I have Encore Ratchet, and it has the exact same markings. 1980-1982. Only on the box does it also say 2007.
Plus, the original release has the Red Cross Sign on the top of it (near the back). This one doesn't. And the Encore did not come with a cross sticker (at least I think it was a sticker...

).
That's all I seem to observe, and from that, I say it's most likely the japanese encore.
EDIT:Just to prove it, check out the Encore Ratchet I have in the line of G1 figures I own(ed back in march). It has no cross on it.

BUT, look at the picture of the G1 Ratchet from TFsource.com