Henry Chapman was a numismatic luminary. In many ways he paved the way for the coin trade as we know it today, and his influence stretched as far as the highest reaches of the U.S. Mint itself.
Chief Engraver George T. Morgan prepared 10 documented proofs for Henry Chapman and another 5 for Cleveland industrialist and collector extraordinaire Ambrose Swasey.
The U.S. Mint did not make any Proof Morgans available to ordinary collectors in 1921. While Farran Zerbe also had some coins “made to order” in 1921, his examples lack any of the brilliance of an actual Proof and are more appropriately classified as a “Special Strike.”
Thus, the Chapman Proofs are all that truly exist in the Proof format for 1921. They are by far and away the rarest Proof issues of the Morgan series and among the rarest coins in all of numismatics. In our opinion they represent one of the most remarkable values in the hobby today compared with other issues in other series of similar rarity.