Dalmatian yatagan

[aspalathos]

Hello, it looks a bit like a kind of Roman capital, combining two letters into one. At that time, it was written in various ways, influenced by Austria-Hungary, Italy... the church... there was also a difference between the north and the south. With Ljudevit Gaj, a reform was introduced.
Here's another one found on Hvar Island a few years ago

[aspalathos]

It is possible that it is a ligature of the letters V and U
In any case, interesting. There were also cases in rural areas when the craftsman was illiterate and would copy various letters from Cyrillic, Bosnian and some invented symbols Since neither the craftsman nor the buyer were literate, it didn't matter what was written.Example ..