A match, if width is reduced slightly

Relettered, which accounts for the slight differences.

A little more research revealed that this pastice of Deco Styles was embodied in a font, Design Fineline, which has been digitized by Steve Jackaman as Xctasy Sans.

Edited
The sharp angle leading to the serif terminals on _C_, _G_ and _S_ is converted to a smooth curve.
The leg on _R_ is made more relaxed.
The mid terminal on _G_ is shifted down.
Pointed tips for _A_, _V_ and _N_.
Might be a couple more tweeks that I didn't notice.

Some edits including:
Curl pasted to terminal of _r_
Gap cut in top of _y_ and gap closed near baseline of _y_
Top rhs of _g_ bulged out.
Dot of _i_ made smaller and moved down.

Ringlet, a Victorian typeface by Hermann Ihlenburg, 1882

Source: Luc Devroye.

Digitized by Dan X. Solo and included in the CD packaged with the Victorian Aphabets book published by Dover in the 1990s. All letters match your image.
AFAIK, No legitimate download for the Dan X. Solo Ringlet.

Also digitized as Aridi 09
http://www.aridi.com/images/fonts/09.gif

Also digitized by George Williams, eith the name Ringlet, but with a different _n_ than the one shown in your image.

More info:
https://fontsinuse.com/typefaces/7581/ringlet

1. The _F_ is rotated counterclockwise
2. Alternate _l_
http://www.myfonts.com/fonts/fenotype/salamander/regular/glyphs.html#glyphs/566437/149

Expanded horizontally, which produces the thicker vertical strokes and the increased slope.