It could certainly be that. Its faint to begin with and the haze inside doesn't help. Its also says "magnus" on it. the guy I got it off thought it was a dragon but who knows []
Seen several different versions of the Magnus over the years , there is also an amber one . Pretty much a common whiskey but has some really nice embossing on it . I never knew for sure if it was a dragon or serpent embossed on the bottle .