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It is most likely a hallmark indicating the jewelry it is sterling silver from Mexico.

More on "950" silver:

Silver of 95 percent purity is relatively rare because it is a nonstandard alloy. Technically it is not fine silver because it falls considerably below 99.9 percent fineness. This means it is sterling silver, but more pure than most sterling silver. 950 silver will be softer than most sterling silver and will tarnish more easily. This means it is unlikely to be used in most industrial applications. Most 950 silver is used for jewelry.

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