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I thought it odd that a symbol associated with a rising sun would be placed below a letter ( M ) rather than above a letter ( W ) and I saw the example you mentioned but was hoping something new had popped up. Thanks
Doesn't match exactly the hallmark I was looking at, so I guess for now your hallmark is unidentified, but the silversmithing work on your bolo is very high quality, so I would be surprised if an expert on Native American jewelry could not find the maker. The books on Native American jewelry are still the authority, and the internet only has an incomplete listing at the "Art-Ameridian" website, so I wouldn't be surprised if a maker was found.
The silver inlay pattern on the cheek of the Native American does seem more like the Hopi tradition of silversmithing, that is an interesting detail.
However, given the overall structure of the piece, it could also be Navajo.