Looks like it has a good chance of being one to me... check this site out. http://www.vamworld.com see peace dollar vams by date on the left.
Ah, VAM's are my personal favorite and from what I can see it definately looks like a 5A variety. I have graded a couple over the years. Very nice coin!:thumb:
Here is a 1935-S that I picked-up at FUN a year ago. It is the 4 ray variety. Does it receive any kind of a premium?