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#5
16-10-12, 16:53
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It's Italian made in 1939 for their 47mm Gun (MORE INFO), so probably a good chance it came back from North Africa.
This was a dual-role gun that was both an Infantry Gun and an Anti Tank gun. In Italian, "Anti-Tank Ammunition" is Munitzioni Anticarro. Perhaps that is the meaning of the MA (or AM?) cipher, or perhaps it is a specific munitions factory? 
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