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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4188

Estimate: 1 USD
Price realized: 26 000 USD
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Proof Morgan Dollars
1921 $1 Chapman PR63 PCGS. Among the most enigmatic of all 20th Century issues and a quandary for collectors of proof Morgan dollars, the 1921 Chapman proofs often share billing with the equally mysterious "Zerbe" proofs from the same year. Still, neither issue is listed in the official Mint records, and it is thought the Chapman proofs were done unofficially (or clandestinely) at the behest of George T. Morgan to fill a request by Henry Chapman. Perhaps Morgan himself made the proofs.
Clearly, they are proofs in the real sense of the word and not prooflike early strikes from polished dies. The mirroring is comparable to proofs from the 1902 to 1904 years, the final official proofs of the Morgan series. Chapman proofs were struck in small quantity -- estimates vary, but perhaps no more than 30 to 40 pieces according to CoinFacts. In theory, the entire quantity struck was 15 pieces per the order from Chapman, but seemingly more unduplicated grading events exist than that tiny number. The present Select example displays deeply mirrored fields with an overall pale-gold patina. Only some delicate field lines influence the assigned grade. It is a prize for those who seek this challenging and much-sought proof issue. Population: 16 in 63, 16 finer (3/17).
From The Siegel Collection.

HID02901242017
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