Would not use drop shadow.
Engraving is imprint, drop shadow makes the effect look raised (emboss).
The shadow needs to be cast inside the text on same side the light is coming from, We had inner shadow in 2.10 (LayerFX), but is there already inner shadow in Gimp3? Don't know, will investigate later.
Edit: Quick test with Bump Map.
1. Type your text, use slightly darker gold than the polished surface of your shiny plate. The bigger the better, because after rotating you switch to perspective tool and that means downsizing.
2. Filters: Map-> Bump Map. Note the direction of light, and remember to select the aux input (same text layer), or nothing will happen.
3. Filters: Noise-> CIE Ich Noise. Because there will be always little scratches. When I engrave with laser it leaves sometimes these super tiny ridges between the beam scans but that's not necessary to mimic.
We could make it better (try a bit different numbers yourself), but this is something like it would look if engraved with a laser.
I've been engraving for about 30 years, but mostly rubber, wood and multilayered plastic.
The old school military dog tags were done with graphotype machine, and it was embossing. Letters were raised.
Attachment:
BumpMap-Noise.jpg [ 346.25 KiB | Viewed 2129 times ]