Penn Yan introduced the 14ft Phantom sailboat in 1931, and produced it through 1950. The boat underwent an evolution in design over its 19-year life. Offered initially in Composite construction (cedar hull covered with canvas), the boat was latter built using the Monowood construction process. The boat featured a drop keel (centerboard) initially built from cast steel, and later from wood. When introduced in 1931 she carried gaff-rigging, which was changed to Marconi rigging later in that decade. The shape of the cockpit also changed over time, as did the mast.

The boat shown here is quite rare, in that it was built in 1931. Note the absence of a rear deck, a feature that was added in 1932 and continued throughout the life of this model. The slat seats which originally accompanied the boat have been replaced by solid plywood counterparts. Her spars have also been lost along the way, and she is in need of major restoration work. However, this Phantom is an excellent example of the initial offering of a boat that enjoyed a long run of popularity.