Modified.

As similar as it comes.

The U suggests this may very well be a font though the rest denies it. Yet, if that is so, there are too many possible variations possible for me to go for. Wish you luck.

Hi Jackie, I was referring to the digital format of the type.
@ Claude, No Sherlock Holmes involved. Jackie knows these things by heart

Another one with many names
MazamaPlain, based on the Patrician, by James M. Harris, 1990. Followed in 1991 by Castcraft (RIP) as OPTIProtea. And in 1994 Brendel Informatik and Novel came with Aegina and Professor.

The n ...

For that e you want the 1999 version. Not the 2000 version here on dafont.

Also as Inductive Resonance here on dafont.
In either case with the 'E' modified.

Looks like it is a font.

Wondering ... why didn't she just google Circular Monogram Font and then go for the images?

Is the same pilaster ...

http://www.fontbros.com/families/circle-monograms

Swash.

The Minuet is 2007 by Hans van Maanen. The original seems to be Rondo. Castcraft (RIP) made the OPTIRondo available in 1991. Novel (RIP) published the Rostrina in 1994. Also in 1994 Brendel Informatik published Cinderella. A year later, 1995, Softmaker renamed Cinderella as Richmond.