Confusing ID on NGC slabs.

I am curious as to why NGC slabs have a S in front of $1 on the slab ID.

 

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In that context the S = Silver

 

That's what I figured, but wasn't sure. Thanks for your confirmation.

 

I posted one of my Mint Errors today..
A Silver Wartime Nickel

 

It's nice, but has nothing to do with the topic.

 

Hey.. You're right.
I drink to much caffeine. Mind was racing at that moment.. I meant to show a label with a S for Silver and that one was an S for San Francisco.. Let me find one then.

 

@Conder101
My intention was to show a label with the S before the $1
Such as this one from my collection -

sorry

 

That's OK, and the new slab does fit. Nice itty bitty clip.