Answered
Why can't I edit this monogram?

I moved the sheet behind it and eliminated the middle circle of the P and else of nowhere It stopped letting me edit the monogram.

I moved the sheet behind it and eliminated the middle circle of the P and else of nowhere It stopped letting me edit the monogram.
You may have accidentally used the keystroke command to lock the selected object(s) (command (Mac)/control (PC)-2). Go through Object Menu>Unlock All and see if you can once again edit.
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