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1884 Colt Single-action Army Revolver

Value (2017) | $15,000 Auction – $20,000 Auction
Watch  

GUEST:
I acquired it from my father-in-law. He was a doctor in Wyoming for many years, quite a historical person, into the Indian arts and cowboy history, so I acquired it from him. From what I know about the pistol, it actually belonged to a Texas Ranger who had eventually moved up to Wyoming. My understanding was he was a sheriff there in Wyoming, for several years.

APPRAISER:
So he was a Texas Ranger and he retired to Wyoming to become the local sheriff?

GUEST:
He actually, when he lived in Texas, was on a couple of cattle drives that ended up in Wyoming, and then he did move up there after he was done in Texas.

APPRAISER:
Where did your father-in-law get this?

GUEST:
He got it directly from the family of the Ranger. Probably back in the early '50s, I would say.

APPRAISER:
Texas Rangers were an interesting group of guys.

GUEST:
For sure.

APPRAISER:
And this was exactly the kind of revolver that they would want to use. It's a Colt six-shot, .45-caliber, single-action Army revolver.

GUEST:
Single-action.

APPRAISER:
Also known as "The Peacemaker." It was one of Colt's most popular products, the original design of the revolver was for the 1872 government service pistol trials.

GUEST:
Oh.

APPRAISER:
Of which Colt eventually did secure a government contract to produce pistols, but this clearly is not one of those pistols.

GUEST:
Okay.

APPRAISER:
We know the revolver was made in 1884, as indicated by the serial number, which is generally located here. On the base of the revolver.

GUEST:
Okay, all right.

APPRAISER:
And there's the patent dates of the revolver, which are much earlier than the date of manufacture. And one of the main factors in collecting Colt firearms is whether or not it's originally factory engraved or not.

GUEST:
Okay.

APPRAISER:
The premium is paid for the factory-grade examples.

GUEST:
Oh, nice.

APPRAISER:
Now, that said, the characteristic of this engraving is actually period. It comes from the 1880s. And if you contact the Colt archives, they'll probably indicate that the revolver was shipped to, probably, a New York retailer, like Schuyler, Hartley, and Graham. And it may have even been shipped in what they call the "blue."

GUEST:
Okay.

APPRAISER:
With a blue finish on it.

GUEST:
Oh, really.

APPRAISER:
And it probably had either wood or rubber grips at the time. And Schuyler, Hartley, and Graham sent it out to their engravers in the city, and they just had it stripped down, and had this very characteristic, New York-style engraving on it. And these beautiful mother-of-pearl grips. This was done not as a government service, but as a private purchase, where somebody wanted a very splashy firearm.

GUEST:
Sure.

APPRAISER:
Have you ever had it appraised?

GUEST:
No, I have not, never. It's basically been-- since I acquired it-- in a safety deposit box.

APPRAISER:
That's a good place for it. Any guesses of what you think the value is, or...?

GUEST:
You know I... As a rough idea, I would think maybe around $2,500, somewhere in there. Maybe $3,000.

APPRAISER:
In my opinion, at auction, I would put a presale estimate on the gun of around $15,000 to $20,000.

GUEST:
Wow. Very... very good. I didn't expect that. That's... that's quite a bit higher than I would've thought.

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Appraisal Details

Appraiser
Paul Carella
Arms & Militaria
Bonhams, San Francisco
San Francisco, CA
Appraised value (2017)
$15,000 Auction – $20,000 Auction
Featured In
Green Bay, Hour 2 (#2214)
Event
Green Bay, WI (June 17, 2017)
Category
Arms & Militaria
Period
19th Century
Form
Revolver
Material
Mother of Pearl

Executive producer Marsha Bemko shares her tips for getting the most out of ANTIQUES ROADSHOW.

Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."

Note the date: Take note of the date the appraisal was recorded. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it.

Context is key: Listen carefully. Most of our experts will give appraisal values in context. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Retail prices are different from wholesale prices. Often an auctioneer will talk about what she knows best: the auction market. A shop owner will usually talk about what he knows best: the retail price he'd place on the object in his shop. And though there are no hard and fast rules, an object's auction price can often be half its retail value; yet for other objects, an auction price could be higher than retail. As a rule, however, retail and insurance/replacement values are about the same.

Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item. An appraisal usually involves an extensive amount of research to establish authenticity, provenance, composition, method of construction, and other important attributes of a particular object.

Opinion of value: As with all appraisals, the verbal approximations of value given at ROADSHOW events are our experts' opinions formed from their knowledge of antiques and collectibles, market trends, and other factors. Although our valuations are based on research and experience, opinions can, and sometimes do, vary among experts.

Appraiser affiliations: Finally, the affiliation of the appraiser may have changed since the appraisal was recorded. To see current contact information for an appraiser in the ROADSHOW Archive, click on the link below the appraiser's picture. Our Appraiser Index also contains a complete list of active ROADSHOW appraisers and their contact details and biographies.

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