Only an estimated 1,200 No. 1 pistol were manufactured by Horace Smith and Daniel B. Wesson in Norwich, Connecticut, in 1854 and 1855. These pistols, along with the less than 500 larger No. 2 pistols, represent an important step in the evolution of lever action firearms. This design was latter manufactured in slightly altered for by the Volcanic Repeating Arms Company and New Haven Arms Company before being the basis of the famous Henry rifle which was ultimately refined by Winchester to become the legendary Winchester Model 1866. There is a small post front sight at the front of the barrel and a notch rear sight ahead of the hammer. The upper left of the barrel is stamped "CAST-STEEL", and the top of the barrel near the breech has SMITH & WESSON/NORWICH. CT." The left flat has the "PATENT/FEB. 14. 1854" marking, and the receiver has the standard Rococo style acanthus and floral engraving patterns. The grips are dark rosewood and are numbered "46." The left side of the grip frame and lever are marked with the matching serial number "C46." The side plates do not appear to have been removed from the gun and thus were not removed for inspection.

Very good. Other than some rich case colors on the hammer, the pistol displays an even gray patina and has a few small spots of minor pitting. The slightly undersize grips are replacements and have minor edge and handling wear. The action functions very well, and the crisp original markings and engraving patterns are all fine.