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The OLY does indeed stand for the beer Olympia. Who remembers that beer.....
My records are not complete so I don't know which design was first. One design was late 1980's and the other was early 1990's.
If you look closely at the top ec you will see it is a bunch of dots to make the engraving of the letters.
If you look closely at the bottom ec you will see it is a wood grain type engraving to make the letters.
hard to get and I was only able to get 4 sets.
Each set is $3.50 delivered
Please shoot me an email if you need these
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Thank You and 2 sets left 