Mother of God & Christ Child Gold Medallion
Solid 14K yellow Gold Medal of the All Holy (Παναγια, in Greek) Mother of God with the Christ Child.
The two letters over the right shoulder of Παναγια (or Panaghia) are the first and last letters of the word ΜΗΤΗΡ (Mother, in Greek). The two letters over her left shoulder are the first and last letters of the word ΘΕΟΥ (of God, in Greek).
The four letters next to the Christ Child are from the Greek ΙΗΣΟΥΣ ΧΡΙΣΤΟΣ (Jesus Christ).