.32-20 WCF was a very popular caliber in the first generation SAA line. As author Dan Brown put it, "The .32-20 WCF cartridge had good range and accuracy. It is very easy to shoot, as it does not make the revolver buck as the larger calibers do. It also was used as a companion to the Winchester rifle of the .32-20 WCF caliber" ("The 36 Calibers of the Colt Single Action Army," page 190). This highly attractive Peacemaker in .32-20 WCF was manufactured in 1938. The barrel has the one-line Colt Hartford address on top and "32 W.C.F." on the left side. The frame has the two-line patent dates marking followed by a Rampant Colt. Matching assembly number is on the rear of the frame and loading gate. The matching serial number appears on the frame, trigger guard, back strap, and both grip panels. The matching partial serial number "159" is stamped on the cylinder at the rear.

Very fine, retaining 95% original blue finish with a couple patches of pitting visible on the ejector rod housing. 90% plus original case colors remain on the frame. The grips are also very fine with a chip near the bottom (right panel), a few minor handling marks, and overall crisp checkering. Mechanically excellent.