Anglesey 261, Penny mules (Dalton & Hamer, page 369)

261.  O: A monogram cypher, P M Co. WE PROMISE TO PAY THE BEARER ONE PENNY 1788.        
         Date above the cypher. 1 under Y. The rev. die of No. 147.
      R: Two hands united, and an olive branch. ARTE FAVENTE NIL DESPERANDUM.
      E: WE PROMISE TO PAY THE BEARER ONE PENNY.

No. 261, RRR.

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