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I don't know if this monogram is produced by a digital font. Date and source of image would help.
For a digital font that can produce monograms with a similar formal swirl effect I suggest Antoinette Monogrammes:
If you can do a little additional work to make monograms here are some vertical swirl scripts that could produce a nice result:
Sweet Upright Script:
The font used was Harold Lohner's Vine Monograms. I thought that last letter was a 'C', but it's not - it's an 'L'. Read the PDF manual and then use the Testdrive.
I can't imagine having made such a set of 6 fonts as all combinations of letters must work well together and each font contains characters for three different styles of frame.