Anglesey 163, 1788 penny counterfeits (Dalton & Hamer, page 353)

Denomination: penny, scarcity: Very rare (RR)
Thin wreath. Long-Topped P. Straight 1 and 7. Single acorns.
17 acorns in wreath.

163. O: Druid's head in a thin wreath of oak. Seventeen acorns, nine to left
        and eight to right.
     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. Acorn stop.
     E: ON DEMAND IN LONDON LIVERPOOL OR ANGLESEY.

No. 163, RR.

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