If it's over a flat spot, you could use a flat Arkansas stone it to remove the raised edges, then buff out the stone marks you'll leave over the entire flat surface. What's left will be much less noticeable after refinishing. The raised, unfinished burrs are 90% of the ugly.
I did this to the import stamp on a gun that I was refinishing, and now you can barely see it, unless you have the light at the right angle. And just as importantly, you can barely feel it. IMO, it looks a lot better this way, versus what happens when you point-sand over just the lettering.