'Extremely rare' Colt revolver to lead US firearm sale
A rare Colt revolver, complete with presentation case will lead an important firearms auction later this month.
A Colt No. 3 Belt Model Paterson revolver will lead sales at a US firearms auction to be held on April 20-22, 2012. The extremely rare item, made between 1837 and 1840, features an original factory presentation case and a full complement of accessories.The mahogany box is inlaid with a silver box inscribed "W. Watson from A.P".
The initials A.P have been identified as Andrew Parsons, a former share holder in the Patent Arms Manufacturing Company. It is believed the revolver was presented to William Watson, who served as an attorney for the company, after his involvement in a dispute about accounts with John Ehlers, a majority shareholder. The Patent Arms Manufacturing Company was said to be struggling at the time, with Samuel Colt growing further in debt to the company. The revolver is in a remarkably fine condition given its age, prompting an estimate of $275,000-$450,000.An 1883 Colt Gatling Gun with field carriage and caisson is also set to turn heads at the forthcoming sale. The superb item is in impeccable condition, with just a few minor chips to the paintwork. With an estimate of $200,000-$350,000, the weapon will make an impressive addition to any firearms collection. Other items include an exceptional Winchester 1873 Lever Action Rifle that contains the notation "One of One Thousand" on the factory letter. These "One of One Thousand" rifles are the most coveted rifle for Winchester collectors, supposedly offering a hand-selected, more accurate and consistent firearm. An estimate of $150,000-$275,000 has been set for the collectors favourite. The auction house are offering eager bidders a chance to preview items from the sale at the annual National Rifle Association convention, which will be held on April 13-15,2012 in St Louis, MO.