The NGC Universal ID is a four digit alphanumeric that groups coins based on a unique combination of date, mintmark, denomination and striking process (MS, PF, or SP). These IDs are a simple organization of all coins prior to variety attribution and grading.
The San Francisco Mint produced a modest mintage of 1.2 million silver dollars in 1903. Things were winding down for the silver dollar denomination, and production would be suspended after 1904. The denomination made a comeback in 1921, with the largest mintage of any year for the Morgan silver dollar, but these events were not foreseen in 1903. Most of the initial mintage was stored at the Mint and paid out in small amounts over the years.
The 1903-S silver dollar is an important coin, a key date in this popular series. Q. David Bowers reports 'I have never handled a quantity of them, and few other dealers have either.' Silver dollars of this date are seldom encountered in Mint State grades.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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