The Chapman Proof 1921 Morgan dollar is among the most elusive issues of the entire series, far exceeding in rarity the legendary Proof-only 1895. We are thrilled to offer one of very finestsurvivors from this clandestine issue in lot 3210 of our March 2020 Baltimore Auction. Certified Proof-67 (PCGS), it is the sole finest example on the PCGS Population Report and is numerically tiedwith just the Proof-67 * (NGC) example from the Duke Collection.

As an unofficial U.S. Mint issue, more mystery than fact is involved in its creation--in fact, the only items that we can be sure of is that these were produced by George T. Morgan at the behestof prominent Philadelphia coin dealer Henry Chapman. Dave Bowers sums up the situation best in his Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia:

The Chapman Proofs are the only pieces considered to be fully mirrored Proofs; the so-called "Zerbe Proofs" are either prooflike business strikes or some sort of presentation striking.PCGS lists the Chapman Proofs with the regular Proof issues, while categorizing the "Zerbe Proofs" as Special Strikes. Though rendered difficult to see from the toning gained through fiveor more decades of paper envelope storage, this specimen exhibits the tiny die scratches and other markers that identify the Chapman Proofs at the microscopic level -- diagnostics outlined in theBowers Encyclopedia.

To read the complete article, see:
Superb Gem 1921 Chapman Proof Morgan Dollar Featured in our March 2020 Baltimore Auction.(https://www.stacksbowers.com/News/Pages/Blogs.aspx?ArticleID=proof-morgan-silver-dollar-chapman)

To read the complete lot description, see:
1921 Morgan Silver Dollar. Chapman. Proof-67 (PCGS).(https://auctions.stacksbowers.com/lots/view/3-LWW05/1921-morgan-silver-dollar-chapman-proof-67-pcgs)