90% silver alloyed with copper
San Francisco, USA and in Manila, Philippines.
The Philippine Coinage Act of 1903 was an act of the US Congress authorizing the minting of Philippine silver pesos and lesser coins and the printing of silver certificates (paper money backed by silver) for not less than two (2) nor more than ten (10) pesos. The Act established the value of the Philippine Peso as half of a US Dollar.
The Philippine Coinage Act of 1903 was an act of the US Congress authorizing the minting of Philippine silver pesos and lesser coins and the printing of silver certificates (paper money backed by silver) for not less than two (2) nor more than ten (10) pesos. The Act established the value of the Philippine Peso as half of a US Dollar.
1903 is the year the coin was minted (made)
Look at the coin again There is no such coin. Cents were never made of silver. The Mercury head design was used on dimes. The Mercury head design was minted from 1916 to 1945.
The Royal Mint did not produce any Crown (Five Shilling) coins from 1903 to 1926 inclusive, Proof, pattern or otherwise. It is quite unusual that no 1911 Crown was produced since it was the Coronation year of George V. All British "silver" coins minted prior to 1920 contained 92.5% silver. There was a silver Proof FDC Halfcrown coin minted in 1911.
Silver averaged about US$ 0.56 per troy ounce in 1903 (http://www.goldmastersusa.com/silver_historical_prices.asp).
There were no British Crowns minted from 1903 to 1926 inclusive.
There was no British Crown minted from 1903 to 1926 inclusive.
There was never a silver Indian Head penny.
It's a common misunderstanding that old silver dollars were called American Eagle dollars. In fact, your coin is called a Morgan dollar after its designer George T. Morgan. It was minted for spending in ordinary commerce. On the other hand, American Eagle "dollars" are 1 oz silver bullion coins minted since 1986 for sale to investors and collectors. They're not circulating coins and the $1 denomination is artificial. Please see the Related Question for more information.
The British Guinea was a gold coin valued at 21 Shillings which was last minted in 1813.