Anglesey 162, 1788 penny counterfeits (Dalton & Hamer, page 352)

Denomination: penny, scarcity: Extra rare (RRR)
Thin wreath. Long-Topped P. Straight 1 and 7. Single acorns.
19 acorns in wreath.

162. O: Druid's head in a thin wreath of oak. Nineteen acorns, nine to left and
        ten to right.
     R: A monogram cypher, P M Co. WE PROMISE TO PAY THE BEARER ONE PENNY 1788.
        Date above the cypher. 1 under foot of Y. Same for Nos. 161-162.
     E: ON DEMAND IN LONDON LIVERPOOL OR ANGLESEY.

No. 162, RRR.

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