Type I
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The 'FPE' of 'Halfpenny' is solid shading
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Type II
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The 'FPE' of 'Halfpenny' has solid shading on the top with a lighter shade in the lower half of the letters. Watermark is inverted.
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Type III
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Same presentation as Type II for 'FPE' but
a) Watermark upright
b) Lower frame lines thinner than Type II
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