The coin, minted in the early 20th century, represents a significant period in American numismatic history. Characterized by its distinctive design featuring Lady Liberty on the obverse and an eagle on the reverse, it is composed of 90% silver and 10% copper. Examples of this issue can be found with mint marks indicating their origin at different United States Mint facilities, such as Philadelphia (no mint mark), New Orleans (“O”), San Francisco (“S”), and Denver (“D”, though this mint did not produce them in 1903). Its physical attributes and historical context contribute to its appeal among collectors.
Its desirability stems from several factors, including its silver content, aesthetic appeal, and historical significance. The coin offers insight into the economic and artistic trends of the time. Mint mark variations and condition impact the value and collectibility, rendering each piece a potentially unique artifact. Furthermore, its survival through economic changes and historical events contributes to its enduring fascination.