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I think that's an anchor in the middle, not an ampersand.
Check out Gorham Manufacturing here: http://www.925-1000.com/americansilver_G.html" onclick="window.open(this.href);return false;
Thank you. That makes sense. It is engraved a name on one side and on the other side "Oct 14, 1826 1886" so I think it was done in memory of someone who passed.