A hidden treasure of 19th-century United States $1 gold coins, collected by renowned Philadelphia dealer Henry Chapman, has been unveiled by Matador Rare Coins in New York City.
This nearly complete set, previously stored for over a century, includes Liberty Head and Indian Princess Head gold coins from 1849 to 1889, alongside commemorative gold dollars from the early 20th century.
Collection Hidden in a Vault for Over 100 Years
The Chapman Collection, kept in a Philadelphia bank vault for generations, features 51 gold coins, and eight commemorative pieces, stored securely by a local family.
They initially believed their collection was worth around $50,000 but were astonished to learn it is now insured for a staggering $2 million. Matador Rare Coins’ founder, Luis Martinez, is currently working with the family to bring this rare find to light.
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Coins Purchased from Henry Chapman Himself
One of the standout coins in the collection is an 1863 $1 gold coin, purchased directly from Chapman for $18.75. Over the decades, it has been safely preserved in its original envelope and is now graded PCGS MS68 CAC.
Many of the coins have earned top grades and are considered among the finest examples of their kind.
Coins from Iconic U.S. Mints
The set includes gold dollars struck at several U.S. Mints, including Charlotte, Dahlonega, New Orleans, Philadelphia, and San Francisco.
These mints played a significant role in the production of gold coins during the late 19th century, and the collection’s range reflects that rich history.
Professional Coin Grading and National Treasure
All coins from the Henry Chapman Collection are now certified by the Professional Coin Grading Service (PCGS), with the prestigious Chapman pedigree included on the labels.
The collection was presented at the Long Beach Expo in September 2023, and PCGS President Stephanie Sabin called it a “national treasure” due to its exceptional rarity and the remarkable story behind it.
Incredible Grading Results
Luis Martinez was thrilled with the grading results, which exceeded his expectations. Some coins reached the highest known tiers for their type, and the collection is now estimated to be worth far more than the family originally thought.
Notable highlights include an 1881 $1 gold coin graded PCGS Proof-66 Deep Cameo, and an 1875 gold dollar, which is tied for the finest known example.
A Collection Rich in U.S. History
The U.S. began producing $1 gold coins in 1849 during the California Gold Rush, with three major designs used throughout the years. The Chapman Collection includes coins from all these design periods, making it a unique snapshot of U.S. history.
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Martinez explained that the coins’ historical significance, combined with their condition, makes this collection one of the most extraordinary finds in recent memory.
Additional Details to Be Released Soon
As the collection continues to be evaluated, more information about each coin will be revealed. According to Matador Rare Coins, collectors and historians alike are eager to learn more about the treasures hidden in the Chapman Collection.
Conclusion
The revelation of the century-old $1 gold collection, meticulously assembled by Henry Chapman, is a reminder of the timeless value that lies hidden in forgotten treasures.
This extraordinary set, once believed to be worth a fraction of its true value, now stands as a testament to the brilliance of numismatic history and the dedication of those who preserve it.
With its remarkable rarity and impeccable grading, the collection is not only a valuable find but also a piece of American heritage that will inspire collectors and historians for generations to come.
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.