Tough date in high end circ grades, R-4 in David Lawrence Sr.'s book on the series.  Stupidly priced in the "sheet", considering that the number certified is LESS than the similar 1898-S I am also offering - 23 total PCGS/NGC versus 28 for the 1898-S in XF-45.  Lawrence considered the '98-S relatively "common" in EF grades (since it's a Barber Quarter, you have to take that with a grain of salt ...), but it is priced at almost double on the Wholesale level vs. the 1903-S.  Sell me all the 1903-S Quarters you have at THAT number.  FYI, past auction results at $400+.  Nice soft light grade surfaces, just a bit of overall scuffing from being mixed in with a group of loose period coinage. A couple of images taken of the coin prior to submission to PCGS also included as I think they represent the actual color better. 

PCGS 5636.45/64263691