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I did speak with the Delgregos on the relevance of the lettering on the frame of this vh 28 and what they told me (I will give the gist of it ). The denominator here is the guns they have seen were "side door or back door" guns that went out in a non-normal process(such as perk to supplier and\or favor to a friend). I didn't ask if the Vh was the only grade to which they have seen this or if some of these guns may have been used to fill orders at another date. They did say that this lettering is connsistent with what has been seen in the past. That is the gist of it.
You should get a PGCA letter on this gun as soon as possible. It could be interesting. I wonder if that could be a stamp of some sort. I've never seen one like that, but I'm a bit late to the Parker game.