Cheshire 48, Macclesfield (Dalton & Hamer, page 15)

48. O: Edge of coat lines with centre of K, and button over last limb of K or
       space between K and S.
    R: Top bar points to centre of N, lower bar points just below period.
    E: PAYABLE AT MACCLESFIELD LIVERPOOL OR CONGLETON.

Fairly common. Nos. 23, 33, 47, 53 and 54 are the rarest.

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