The font is available in truetype format. Detailed information:
Family: Victorian Initials One
Full name: Victorian Initials One
PostScript name: VictorianInitials-One
Version: Version 1.0; 2001; initial release
Unique ID: TypographerMediengestaltung: Victorian Initials One: 2001
Designer: Dieter Steffmann
Designer URL: http://www.steffmann.de
Vendor URL: http://www.steffmann.de
Copyright: Copyright (c) Typographer Mediengestaltung, 2001. All rights reserved. Digitized by Dieter Steffmann, Kreuztal.
Vendor ID: DST
I produced the image above using pdfTeX, but XeTeX or LuaTeX would obviously be much easier. The font cannot be redistributed, obviously, but is freely available (or was freely available a few years ago).