Anglesey 157, 1788 penny counterfeits (Dalton & Hamer, page 352)

Denomination: penny, scarcity: Rare (R)
Thin wreath. Long-Topped P. Curved 1 and 7. Double acorns.
21 acorns in wreath.

157. O: Druid's head in a thin wreath of oak. Twenty-one acorns, ten to left
        and eleven to right. Same for Nos. 157-158.
     R: A monogram cypher, P M Co. WE PROMISE TO PAY THE BEARER ONE PENNY 1788.
        Date above the cypher. 1 slightly to left of Y, 8 under last limb of W.
     E: ON DEMAND IN LONDON LIVERPOOL OR ANGLESEY.

No. 157, R.

The counterfeits are usually in poor condition, badly struck and light weight. 
The letters of edge reading also differ in size and shape. They are not struck 
in collar.

Keywords

druid_head,pmco,we promise to pay the bearer one penny 1788