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Yes, the IM mark would be where the O in GOLD is in the above example. Here’s a reasonable example of GOLDHAVOC on CAN for reference purposes only.

Not found a positive die match for either side, but the closest reverse looks to be pl.XXI/11 with the 9-11 o'clock section being in reasonable alignment. That's a coin of Rogier. The obverse is hopeless to match with the available detail in Allen. Too many flat bits. Good old Tealbys. Never let you down when seeking a hiding to nothing.

And as if by magic... and a lot of looking at yet more 1887 6d's..... 🤪 a Wide 7 or 8 over 8, or a combination.

Looks like it might be a Spanish Netherlands '2 Mite' coin issued by Phillip II, c16th https://en.numista.com/120395 Still not sure of the exact variety yet

The central cross limbs would be level with the IM mark if it was an IM mark. I think it is a T as Rob stated. Your orientation is incorrect for known tealby pennies. Stu.

I appreciate the legend style I have drawn is incorrect also the spacing, heres roughly how I would assume the name fits give or take.

This is a complete guess I have worked backwards from what I think is O C and the first letter that looks like a C is probably actually a G?: (Allen): BMC 169–171 (Canterbury, Moneyer Goldhavoc, Class E, reading + GOLDhAVOC : ON : CAN or CANT) North: North 960 (Class E) Spink: Spink 1341 At the bottom of the image I see O C and after CAN + then I see a G of GOLDhAVOC. Because the name is long was the T removed and what appears as the T is actually the cross. *I'm not sure what the legend styles look like for each letter, so after N is that a cross or a T? As I say I have simply worked backed from OC which could only be Goldhavoc. Just before the O can I see the faint trace of the apex of the V?

Or even earlier, but cannot find any portrait issues of the low denominations.

I know that the bronze decimal coinage does not thrill most collectors, but I have a liking towards them. Whist sorting my collection of two pence coins I noticed an anomaly. The ostrich feathers on the reverse side usually have a distinct quill running down the centre of each feather. I have noticed that on some of the 1989 and 1990 coins the quill is missing and the elements of the feather just blend into each other. Further, the 1990 coins with a quill also has a longer 'P' in PENNY. According to the records the longer 'P' was not introduced until 1993. I have not seen this mentioned in any of the articles that I have studied. I wonder if I have missed something or has anyone else has noticed this anomaly. Both photos show a 1990 two pence coin. The first is a short 'P' no quill, and the second is a long 'P' with quills.

Brilliant spot, significant!

Very distinct differences. Those are both proofs by the looks of it?

Oh, my goodness, that’s a terrible effort! The most impressive thing about it is the micro-scratches and abrasions, they actually look pretty good!

Found it. Egypt. 10 Qirsh. 1876.

A bit too soapy for my liking... Cast?

The mint signature is certainly CANTO at the top of the rev. picture because there is no sign of a termination. Where it would be is flat, and it doesn't matter whether it is a colon or initial cross, it ain't visible. RAVL is a distinct possibility given the width of the A. I'll bear that in mind. If the curl inside the C is an R tail, we are halfway there. The following A would be super-imposed on the A of the moneyer name, so possible slightly different profile given the possibility of made up letters from lines, crescents and wedges. The mint signature looks to cover about 150 degrees of the legend