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  #1  
Old 11-19-2018, 07:59 PM
rhill
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2nd gen. Colt 1851 Navy



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I have two 1851 2nd gen. Colts, never fired, thinking of selling. One has a brass grip frame, the other has a silver grip frame. Cannot find a specific reference to either. Is one more valuable than the other, or same value just different? I understand these go for around $600 unfired. Also have a 3rd model .44 dragoon, unfired these seem to go for the same as the Navy models. Any help appreciated! Thanks!
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Old 11-20-2018, 10:05 AM
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I have a few of them and they don't seem to go up much in value. I think they are real "sleepers" since they are real Colts and they are much better quality than the repros you usually run across. I've been told they will even letter as a Colt.


They are just collector pieces. I wouldn't shoot one since you can get cheap copies to shoot. You need to find the right buyers for these since most folks don't even know how to shoot them.


I wish I could help you with the price, but I don't dare tell you what I think they are worth since it depends on if you can find a buyer.
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Old 11-20-2018, 06:32 PM
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IIRC the silver square back trigger guard is the older of the two. Beautiful revolvers they are. Wild Bill used his to great effect in the famous Hickock-Tutt shootout
https://en.wikipedia.org/wiki/Wild_B..._Tutt_shootout
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Old 11-20-2018, 09:48 PM
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These three guns mentioned will not be shot by me. My dad bought them when they came out and now they are mine. I do have another I will keep and shoot as both he and I shot it many years ago and it is now a used gun. I have a lot more of his handguns, most are unfired collectors guns that I may sell as I am not really a collector of any guns except the ones I shoot. I will keep the guns that have been shot as he loved these and they have some meaning to them rather than just a collector piece.
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Old 11-21-2018, 03:26 PM
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Nice guns(though I don't think that Colt was actually the manufacturer)
I once owned a cased Pocket 1862 model.
I would value the 3rd Dragoon at $100 more than the 1851s.
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Old 11-21-2018, 07:01 PM
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I believe Val Forgett from Navy arms was instrumental in getting the Colt Second Generation revolver produced. I think the rough cylinder castings came from Uberti. A lot of parts finishing and assembly came from Colt. They will letter from Colt. They are more ďColtĒ than the original Walkers that were made by Eli Whitney Jr.
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Old 11-21-2018, 09:54 PM
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All good information, thanks guys!
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Old 11-21-2018, 10:51 PM
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I have an original Colt Navy and several different models of Second Generation Colt Black Powder revolvers. I donít think there will ever be another attempt by Colt to make BP revolvers. That makes the existing 2nd Gens extra special. To me, studying the history of what was going on in the world and how and where these handguns were used makes collecting them much more interesting.

The Paterson, Walker, Dragoonís, 1851 Navy, 1860 Army, and even the smaller Pocket Pistols have an interesting history that goes with them.

If people knew how much quality went into these revolvers, along with the interesting history and the fact that they will never be made again, the value would go up significantly.
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Old 11-22-2018, 06:47 AM
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Quote:
Originally Posted by M2HB View Post
I have an original Colt Navy and several different models of Second Generation Colt Black Powder revolvers. I donít think there will ever be another attempt by Colt to make BP revolvers. That makes the existing 2nd Gens extra special. To me, studying the history of what was going on in the world and how and where these handguns were used makes collecting them much more interesting.

The Paterson, Walker, Dragoonís, 1851 Navy, 1860 Army, and even the smaller Pocket Pistols have an interesting history that goes with them.

If people knew how much quality went into these revolvers, along with the interesting history and the fact that they will never be made again, the value would go up significantly.
I initially had an interest in the originals, but soon learned that there were too many pitfalls in chasing them,and for the right stuff, one had to really pay up. My interest wasn't that keen,plus I like perfect condition stuff.Over the years, I've been tempted a few times to buy a few of these second gen guns,specifically the 3rd Dragoon.
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Old 11-22-2018, 12:40 PM
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I donít pursue the originals, but if I run across what I know is a really good deal, then I buy it. My 1851 Colt Navy has almost no finish left on it, but it is in decent shape, considering itís age.

I also like collecting perfect condition second gen BP Colts. One thing you need to watch for is to make sure some moron didnít shoot it ďoneĒ time and then put it away. You can get by with that on a smokeless powder cartridge gun, but BP wonít look so good in the bore after setting a few decades without proper cleaning. I ended up with one like that once. I wasnít happy.

The Second Gen Colt BP are a good deal for the buyers. You can get LNIB examples for much less than they cost new if you adjust for inflation. Who knows if they will ever go way up in value. It is all about supply and demand. I am reasonably certain that the supply will never go up. The question is whether or not the demand will go up.

My favorite is the Colt Walker without the embellishments. That is one big hunk of steel. You have to get into the S&W X frames to get something that big. LOL
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