The Colt 1851 Navy revolver holds a legendary place in American history and firearms collecting. Its iconic design, role in the Wild West, and enduring appeal make it a highly sought-after collectible. But what was the original price of this famous revolver, and how does that compare to its value today? This article delves into the historical cost, factors influencing its price, and the current market value of the Colt 1851 Navy.
Understanding the Colt 1851 Navy's Original Price
Determining the precise original price of a Colt 1851 Navy revolver requires considering several factors. The price wasn't static; it fluctuated based on variations in the model, the year of manufacture, and even the retailer.
Price Variations and Factors
- Year of Manufacture: Prices varied slightly from year to year due to changes in material costs and production processes.
- Retailer: Different merchants charged different prices, influenced by their location, overhead, and business practices.
- Variations in Model: Colt offered several variations of the 1851 Navy, some with more elaborate engravings or finishes, which impacted the cost.
Establishing a Baseline
While precise records for every single transaction are unavailable, historical records and auction data suggest that the average original price of a Colt 1851 Navy revolver ranged from $12 to $18. This was a significant sum in the mid-1800s, considering the average annual income of a worker was considerably less. This price would be equivalent to several hundred dollars in today's currency, adjusting for inflation.
Factors Affecting the Colt 1851 Navy's Value Today
The current value of a Colt 1851 Navy revolver is influenced by a multitude of factors, making it impossible to assign a single definitive price. Condition, rarity, and provenance all play crucial roles.
Condition: The Most Important Factor
The condition of the revolver is paramount in determining its value. A pristine, near-mint example will fetch a significantly higher price than one that is heavily worn or shows signs of significant damage. Collectors carefully assess the following aspects:
- Bore Condition: The condition of the barrel's rifling significantly impacts value.
- Metal Finish: The extent of original finish remaining greatly influences the price.
- Wood Condition: Grips should be inspected for cracks, chips, and overall wear.
- Mechanism Function: A fully functional revolver is much more desirable.
Rarity: Specific Variations and Production Numbers
Colt produced many 1851 Navy revolvers, but certain variations are rarer than others. These rarer versions will command substantially higher prices. Factors affecting rarity include:
- Special Orders: Revolvers made to special orders with unique engravings or features.
- Early Production: Revolvers from the early years of production are often more valuable.
- Specific Markings: Unique markings or factory stamps can enhance value.
Provenance: History and Ownership
The revolver's history and documented chain of ownership also influence its worth. A revolver with a well-documented history, perhaps linked to a famous figure or historical event, is significantly more valuable. Proper documentation, including photos, receipts, and letters, strengthens provenance and increases value.
Current Market Value: A Wide Range
Given the diverse factors discussed above, the current market value of a Colt 1851 Navy revolver can vary tremendously. A well-worn example might sell for several thousand dollars, while a pristine, historically significant piece could fetch tens, or even hundreds of thousands of dollars at auction. Reputable auction houses and specialized firearm dealers can provide more precise estimations based on a specific revolver's condition and characteristics.
Conclusion: More Than Just a Price Tag
The Colt 1851 Navy revolver is more than just a firearm; it’s a piece of American history. While its original price was relatively modest, its value today reflects its historical significance, craftsmanship, and enduring appeal to collectors worldwide. Understanding the factors that contribute to its current market value provides context for appreciating this iconic piece of the American West. Further research using auction results and consultation with experts in antique firearms is always recommended for accurate valuation.