Obv: Hibernia seated with harp, FOR THE GOOD OF THE PUBLICK around, 1792 below. Rev: A cypher I M Co, MAY IRELAND EVER FLOURISH around. Edge: Plain.
EF for issue. Very Rare (RR).
The entire Drogheda series were probably struck as specious tokens for sale to collectors and probably struck sometime after 1804. I M Co. Probably stands for the Irish Mine Company. This series is almost always found in poor condition.