These are funny to say for certain, sometimes.
First the host - NOT any kind of contemporary counterfeit. It's either genuine regal, or modern fake. The edge design is indeed a mess and the surface is a bit funny... but as often discussed, Potosi output in this 1770s-90s period was VERY scattershot in terms of quality in a lot of aspects.
Then the stamp... FWIW, the stamp detail is good, and the field within the stamp oval looks to have some of the same golden hue tone seen in the king's IIII ordinal.
We're used to automatically condemning counterstamps when they are impressed so exaggeratedly deep like this... yet you see a decent amount of oval BofE stamps like this get called good by the Brits. An example from LondonCoins:

Have run across a few interesting BofE types recently - the piece w/the octagonal C/S being discussed on the PCGS board (sold by swamperbob's other co-author, btw), which **I** think is a genuine host with a contemporary counterfeit stamp...
Then this piece, genuine host with what (I believe to be) a neat contemp. ctfeit. stamp (I should have bought this):
https://www.ebay.com/itm/George-III...264666743842