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1921 S$1 Chapman PR64 PCGS....

2005 Ft. Lauderdale FL. (FUN) Signature Sale #360

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Auction Ended On: Jan 12, 2005
Item Activity: 4 Internet/mail/phone bidders
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Location: Fort Lauderdale, FL
Exceedingly Rare 1921 Chapman Proof Morgan Dollar
1921 $1 Chapman PR64 PCGS. Chapman proof Dollars are qualitatively different than their Zerbe counterparts, as the Chapman proofs have deeper reflectivity in the fields. They also more closely resemble proofs from 1902-04, but often show some contrast between the fields and devices (unlike proof Dollars from those earlier years).
It may be interesting and help to shed some light on this enigmatic issue by quoting from the Bowers-Borckardt 1993 Silver Dollar reference: "In 1921, Henry Chapman went to the Mint and had some mirror-surface Proofs struck to his order. This was done clandestinely by, or for George T. Morgan, chief engraver, who had a 'little rare coin business' going on the side. Walter H. Breen reported that he had seen 'the bill of sale for 10 Proofs, Morgan to Chapman.' The original production of mirror-type Proofs must have been very small, perhaps just 15 in all (10 to Chapman, five to Ambrose Swasey). They were not officially sold by the Mint, nor were any Proof sets made that year."
The fields on Chapman proofs show none of the die polishing lines seen on Zerbe proofs. Additionally, there is a diagnostic die scratch that extends upward to the left from the left side of the I in AMERICA. This particular coin is deeply mirrored with light hairlines evident from light wiping in the fields (not to be confused with die polishing marks). Both sides present a brilliant, snow-white appearance as if it had just been struck, and the central devices are lightly frosted. A rare opportunity to acquire this well produced proof from the final year of Morgan Dollar production. Population: 14 in 64, 1 finer (12/04).
From The South Beach Collection.(#7342) (Registry values: N7079) (NGC ID# 2579, PCGS# 7342)

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