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Old 20th March 2021, 05:00 PM   #2
Join Date: Apr 2011
Location: Moscow, Russia
Posts: 366

I am not an expert in reading the inscriptions, but if no one is ready to reply, I can try (due to despair) to suggest my own explanation, not the reading, because the inscription perhaps cannot be read in the usual way.
"VARAK MATSEE" ~ "made from foil" or more precisely "by 'varak' method". This refers to gold foil, or rather this:

On such items, often made for travelers, there are sometimes such meaningless inscriptions like "this inscription is made of gold".

This is just my guess. I am not able to accurately read this inscription, sorry...
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