I scoured Hobby Lobby to look for some nice wooden letters, and I couldn't find anything that I loved. However, I did manage to find some lowercase chipboard letters for really cheap.
I also picked up some gold glittered paper to decorate the letters with. I traced the letters on the paper, and glued them into place on the letters to cover them. I used mod podge to attach the paper, but any type of liquid glue would work just fine.
I then used some hot glue to attach black ribbon to the back of the letters.
After I was done I hung the letters on on the stocking hangers.