Sorry for the late response but I have been incredibly busy in the past week.
I hope there is still interest, I have shortened the "E" a bit and also extracted the logo from the coin in a simple approach:


Both available on flickr:
http://www.flickr.com/photos/116462858@N08/Just drop me a message if I should adjust anything, I will try my best to do so.

This is great. I love the extracted logo.