Obv: MACCLESFIELD above Beehive, R & Co cypher. Rev: A female holding a cogwheel with 8 spokes, HALFPENNY above, 1789 in exergue. Edge: PAYABLE AT MACCLESFIELD LIVERPOOL OR CONGLETON.
GVF. Rim tick on lower obverse.
Issued by William Roe, son of Charles Roe. Head of Roe & Co.
Charles Roe started the copper mining company and smelting works, leaving the business to his son William after his death in 1781.