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Thank you for helping solve my cold case! You are too awesome!Old thread I know, but Nick still seems to be around.
This is an American piece, not British. We have never used hallmarks like that in Britain.
The mark is for La Pierre Manufacturing Company, founded as a small shop in 1888 in New York, NY and then becoming an incorporated business in Newark, NJ in 1895.
They used various styles of that ‘£’ mark and continued to do so after being acquired by the International Silver Company in 1929 and moved to Wallingford, CT. I believe that particular style of mark was in use from incorporation until they were purchased by ISC (although the ‘£’ mark itself continued to be used thereafter).
I don't know what the '500' mark means, since sterling is obviously 925 fine but La Pierre pieces often have other letters or numbers on them that relate to styles or manufacturing codes... like this:
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