Piano Rags font here refers to the font used on the cover artwork of Scott Joplin: Piano Rags, which is a 1970 ragtime piano album by Scott Joplin and Joshua Rifkin.
The font used on the cover is probably Schneidler Bold Italic designed by F.H. Ernst Schneidler in 1936. The font is a commercial one and you can view more details about it here.
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Schneidler Typeface in Use
In addition to Piano Rags, It seems we can’t find other examples (logos, movie posters, album covers etc.) of Schneidler typeface in use.
More Fonts in Use
Check out the fonts used in famous logos and covers of various music albums.