Squash necklace no makers mark but scratched one



Hi, first timer. Had this squash necklace for several years. No engraved hallmark but there is a, I’ll call it, scratched on XBZ on the back, see pic. I understand that if no makers original hallmark might even be older?
Any thoughts on any aspect of this necklace appreciated……

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More than likely a traders mark, they often used a combination of letters to let them know what they paid for it. Could also be the initials of the previous owner.

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Agree, traders code

Adding more characters so that it lets me post….

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