This piece is two sided and has multiple components.
The Shield, the Ribbon, the ribbon ends, the bell, and the holly leaves and vine.
If you look closely at the edge of this "rough pass", the sign is dome shaped, the middle of the Sheild were the "t" is is a full 2" thick and the outer edges are 1/2" thick.
When the 2 layers are joined the middle of the sign will be 4" thick and the edges will be 1" thick.
Not Shown are the 4 pieces that were cut out for the ribbon ends.
As you can see here the ribbon is recessed into the shield.
Now some hand work and carving to give it some life.