Rick from NPD discussed the ILCO keys in a 2013 thread:
Gentlemen,
The pony key blanks we sell as NOS are indeed new-old-stock... Ford's manufacturer for those keys was originally ILCO. It's been so long that I can hardly remember the circumstances, but suffice it to say that my father somehow got tipped-off back in the mid-80's that ILCO still had a bunch of original Pony door/ignition and trunk key blanks in their warehouse. So he managed to buy-out everything they had. It was an absurd amount, like 20-30 thousand door, and 15 thousand trunk. He always said "it's probably a lifetime supply".
Well, the lifetime supply is about gone. We've got about 40 trunk blanks left in California, and that's it. I've got about 2,500 door blanks left, which will make it another couple years.
Regarding the letters, I'm not a "key decoder", but it's gotta be a code of some sort, but I don't know if it's date, or purpose, or what. I always thought the "I" stood for "ignition". Somebody else will have to chime on that.
But they came straight out of ILCO, back around the mid-80's, as surplus that Ford never absorbed. They came to us 50-per-box, in boxes labeled "Rotunda 011-00205" for the doors and "Rotunda 011-00206" for the trunks.
Rick
NPD
http://www.concoursmustang.com/forum/index.php?topic=5845.0