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I hate to go against Phil, but I would say pseudos. The Lion passant in 1746 would be the 'cottage loaf' type, and the cartouche around the Leopard's head the wrong shape.
I agree with Thomas and Trevor . The "l" looks to be in an unusual cartouche (punch) ,the Lion Passant Guardant is in the post 1756 onward form and looks more like a dachshund ,and is not compatible with the dateletter for 1746. The Leoparts Head looks to have an exaggerated crown. Most could be minor variants but together ...... !
Not provincial I think as the ogival bottom to the Lion very much indicates London
I'd appreciate an image of the makers mark, if any - which might give us all a bit more of a clue.