Cloth Seal, Y & E both Crowned

Cloth Seal, Y & E both Crowned, Image by StuE, Found by Barney Rubble.
Found in the Essex/Suffolk/Hertfordshire area, 32 x 24mm, 11.3g.

Crowned Y crowned E, 3 scratched between, 8 stamped below // M.(L with horizontal line bisecting the vertical?) / C

Unusual seal, possibly early alnager's.