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davidcyclebackAn original playing days photo of Hoy would be hard to find and expensive (if not unaffordable). Maybe his picture appeared on the cover of a magazine or such.
A nice reprint photo can look nice matted and framed with the autograph. It is not uncommon for a quality baseball signed index card or cut, like by Ruth and Cobb, to be framed with a reprint photo. You will see such displays in Mastro and Sotheby's auctions.