Varah Caps, David Rakowski's free Gothic initials font from 1990, looks like a carved manuscript letter lifted from an illuminated border. The letters pair a sharp blackletter-style skeleton with curling leaf forms and a square frame, so the overall feel is heraldic, medieval, and deliberately ornamental rather than simply old-style.
That makes it a natural choice for book covers, chapter openings, poster titles, event programs, and monograms where one letter needs to carry the page. Used as a free font for drop caps, title cards, or short cover lines, it works best when you want the letter itself to read like a small emblem.