Where the W appears to be more pronounced I think it is the surname initial. The other two look like a G for certain and an O but who knows which order they would be in. A Letter may reveal the secret as the engraving appears to be very similar to some originals I have seen on other Parkers.
The location however, is extremely unusual and makes one think it couldn't be factory engraving because of the fact that the gun is a Grade 2 and the gun would very likely have been in stock waiting to fill an order. In that case, if a gun was to be engraved with the buyer's initials, there was a place for that.... on the shield on the stock - quick and easy - no muss no fuss, and ship it.
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