The Collaborative International Dictionary of English v.0.48:

Palaeotype \Pa"l[ae]*o*type\, n. [Pal[ae]o- + -type.] (Phon.)
   A system of representing all spoken sounds by means of the
   printing types in common use. --Ellis. --
   Pa`l[ae]*o*typ"ic*al, a. -- Pa`l[ae]*o*typ"ic*al*ly, adv.
   [1913 Webster]