Is it a 1903 or a 03a3? Rock Island Arsenal only made 1903s while Remington and Smith Corona made the 03a3s.
Personally, that seems pretty high to me unless it was a pristine condition, all matching, non WWII refurb rifle with a mirror-like bore. Check the date stamped on the top of the barrel. It should be late 1918 or early 1919 based on the serial number (which means it is guaranteed to never have seen action in WWI in case that matters to you). Otherwise the barrel has been replaced. Is it blued or parkerized? If it is parkerized, it is a WWII refurb.