This revolver was manufactured in 1863 per Colt and was factory engraved and gold and silver plated. The engraving is very similar to some of the Gustave Young engraved Colts in "The Book of Colt Engraving" by Wilson, including the Model 1860 Army on page 82. "P" is marked near the main serial numbers which is associated with factory plated Colts. Plating is particularly rare on percussion Colt revolvers. This revolver would have been an excellent presentation piece for a military officer, important public figure, or wealthy gentleman. The Model 1862 Police is arguably the most modern and attractive of Colt's percussion revolvers. The engraving consists of mainly classic scroll patterns along with floral, shell, and fan motifs and textured backgrounds. The barrel, loading lever, cylinder, and hammer are gold plated over silver. The frame and grip frame are silver plated. The grip is checkered and carved with a woman, likely representing Liberty, and has the serial number marked in the rear mortise. It is marked with the New York address on top of the barrel, "S" on the bottom of the barrel, "PAT. SEPT 10th 1850" in one of the cylinder flutes, "COLTS/PATENT" on the left side of the frame, and all matching serial numbers.

Good with around 20% original plating remaining overall including 60% plus original silver on the grips straps and 50% original gold on the loading lever, mostly gray patina on the balance, patches of pitting, strike marks on the top of the barrel, and general mild wear. The grip is very good with crisp checkering and carving, a crack at the heel on the left, attractive natural tones, and mild wear. The action and loading lever latch need work. All factory engraved Colt percussion revolvers are comparably rare and desirable collectors items. Those with special plated finishes such as gold and silver are even more so. Combine both of those with a matching numbered carved and checkered grip and you have a significantly rare and valuable Colt.