The funny thing about the 18th Century is that they had problems with letter kerning, something that the romans centuries before didn’t have. Look at the space between the V and the R. Or the A and the B.
It’s probably because the Romans used optical spacing and used perspective while in the 18th century they used mathematical (metric) letter kerning.
Now it’s common practice to use optical letter kerning, but sometimes, like for example the logo of Nivea they use metric kerning. I don’t know. Everybody is free to do what they want!