Not a problem - the photocopy, which is recent, is on security paper, not the original which was copied out of a bound book.
A photoshop confection is not a photocopy. And no one said that the original was copied out of a bound book.
Actually, it is a problem and here's why. In order for it to be copied onto security paper the fields on the security paper would have to match exactly to the fields used on the typed 1961 form version (assuming one exists). The purpose of the security paper is to prevent alteration of the form using a photocopier. What you're saying happened is exactly what the security paper is supposed to prevent. From the Adobe alterations and layering you can see that the security paper motif itself was altered, as well as the type in the data fields. This shows deliberate manipulation on paper that didn't exist in 1961. At the very least Obamalamadingdong's information was entered into a form that came along much later than 1961.
The so called security paper does not show up inside many of the letters.