Heh, comments from my German friend on the engraving:
"The decorative P, the knurled and double curled C, together with the bauhaus-y H is totally strange.
Amazing design to create without AutoCAD or Photshop.
It is one thing to hammer it out one after another, but all three letters are intriguingly complex intertwined.
Just as a final coup, different textures on the letters, too.
And if you turn it around, it probably says something rude in French."
I also think it makes this one look primitive and suspect:
http://www.phoenixinvestmentarms.com/870SPRes00.htm