Here are pictures of my latest two letter carving experiments. One is basswood, and the other is mahogany. The mahogany is definitely more of a challenge to carve, but I think the look is worth it. The light one is finished in Deft spray lacquer. I wanted water-based poly because that's what I used on my first one, but all my local Ace had was the Deft. I'm glad of it too, because that stuff is great! The mahogany is finished with shellac.
Every one of these is a learning experience. Any comments are welcome!