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always known that those who did their homework fared better: got a better price or a better grade or were accepted to a better school.

      So we know, secretly but absolutely, in our heart of hearts, that we should avoid the impulse to buy that John Wayne Commemorative at a neighborhood gun show. Of course we enjoyed the movie True Grit, but it does not make you closer to the quiet man to purchase this gun before checking it out and learning its history and speculating honestly about its potential. (And once we have realized that commemorative guns are somewhat like the endless multitude of fishing lures, designed to attract fishermen as well as fish, we can make intelligent decisions about those quirky limited editions.)

      So the truth is out there. Somewhere. As collectors and historians it is our duty to find it.

       RICK SAPP

       MARCH 2007

       GAINESVILLE, FLORIDA

       PS: A NOTE ABOUT AUCTION RESULTS:

       Throughout this book I have attempted to demonstrate the volatility of the Colt market by including internet auction results where appropriate. Sometimes the auction results gibe with the given value of guns in similar condition; sometimes they do not. Does this mean that the values I have cited are incorrect? No. It does, however, demonstrate the wide variations that sometimes occur in individual real-life auctions. I believe that the values cited in this book represent the average values that the reader will encounter, not only in internet auctions, but in retail gun shops and at local gun shows.

       Happy hunting!

       CONTENTS

       AUTHOR’S INTRODUCTION

       SECTION I: COLT: TODAY AND TOMORROW

       A Message from Colt’s

       Rampant Colt: A Brief Biography of Samuel Colt

       Collecting Colts: Pinnacles and Pitfalls

       Firearms Engraving and Gun Values

       SECTION II: COLT’S PERCUSSION REVOLVERS

       The Patersons

       Walkers and Dragoons

       Pocket and Army, Navy

       Side Hammer Handguns

       1860s Army, Navy and Police

       SECTION III: COLT’S REVOLVERS & THE METALLIC CARTRIDGE

       Metallic Cartridge Conversions

       Deringers to New Models

       Colt’s Deringers

      In Transition to the Metallic Cartridge

       The New Lines

       Antique Single Action Army

       Modern Era Single Action Army

       SAA Prior to and During World War I

       Post-World War II SAA Models

       3rd Generation SAAs

       Scout Model SAAs

       Current SAA Production: 1982 to Present

       SECTION IV: COLT’S DOUBLE ACTION REVOLVERS

       The Early Models

       The “New” Models

       SECTION V: THE FABULOUS 1911S (AND OTHER SEMI-AUTOS)

       Pre-1911 Model Semi-Automatics

      About the 1911/1911A1 by Karl Karash

       The Earliest 1911s

       Enter the 1911A1

       The Ace, Military Competition and Foreign

       Series 70-80, 1991A1s, Model O, Eagles, Nines and Horses

       The Colt Woodsman: Three Versions

       U.S. Military Series Automatic Pistols

       SECTION VI: COLT’S LONG GUNS

       The Patersons

       Antique Long Guns

       The Side Hammers

       Modern Long Guns Including Sporter and AR-15

       The M16

       Rapid-Fire Colts

       SECTION VII:

       Colt’s Custom Shop & Commemoratives

       APPENDICES

       Appendix One: Colt Collector’s Association

       Appendix Two: Arms Museums in America

SECTION I

       COLT: TODAY & TOMORROW

A MESSAGE FROM COLT’S:

       The Future of Colt… as Colt Sees It

       “Our legacy for the twenty first century will rest on how well we lay the groundwork today for creating a company that continues to be responsive to consumer needs, and depends as much on inventiveness and innovation as it does on technology. We are striving to meet this challenge and to guarantee a secure place for Colt in the pages of history as they unfold in the decades to come.”

       2007 CATALOG, COLT’S

       MANUFACTURING COMPANY LLC

      With a history as distinguished as any firearms company in the world, Colt’s

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