Rock Island Auction Company

Lot 1169: Colt "Texas Paterson" Holster Model Paterson Revolver

Auction Date: September 11, 2021

Rare and Highly Desirable Colt "Texas Paterson" Holster Model Paterson Revolver No. 5 with Herb Glass Jr. Letter

Price Realized:
Estimated Price: $95,000 - $160,000

Rare and Highly Desirable Colt "Texas Paterson" Holster Model Paterson Revolver No. 5 with Herb Glass Jr. Letter

Manufacturer: Colt
Model: Paterson
Type: Revolver
Gauge: 36
Barrel: 5 Inch
Finish: Blue
Grip: varnished walnut
Item Views: 643
Item Interest: Active
Serial Number:
Catalog Page: 120
Class: Antique

Rare and desirable example of a fine Colt "Texas Paterson" Holster Model Revolver No. 5 with five-inch barrel. This 'Model B' Texas Paterson lacks the three-piece factory loading lever found on very late production revolvers and has a round back, five-shot cylinder, double curved, straight sided, barrel lug, hammer with smooth spur and flared butt and walnut grips. The barrel has a German silver front sight blade and the hammer has a sighting notch. The top barrel flat is roll-stamped with the legend: "- Patent Arms, M'g. Co. Paterson, NJ.-Colt's Pt. - " with the 'snake and star' motif at the breech end. Though many believe the barrel has been shortened to five-inches, it is the writers belief that this revolver was once a two barrel set with the other barrel being much longer. On page 33 of The Book of Colt Firearms by R.L. Wilson, he states "Barrels: Standard lengths were 7 1/2" and 9"; but 4", 5", 6", and 12" barrels are also known..." The front sight blade is mounted on the "Colt's Pt." marking and front snake and star motif and partially obscures the markings. The cylinder is roll-engraved with the Stagecoach Holdup scene. The serial number is visible on the butt and on the underside of the barrel wedge. The barrel, cylinder recoil shields and grip straps are blued, the frame and hammer are color casehardened and the walnut grip is varnished. The large frame, .36 caliber Paterson Holster Model Revolver No. 5 was the most practical of all the Colt Paterson revolvers. Jack Hays and the Texas Rangers demonstrated that the No. 5 Paterson Revolver was a formidable weapon for mounted troops and established the reputation of the Colt "Texas Paterson" revolver on the frontier. The revolver is accompanied by a 1999 letter from Herb Glass Jr., that includes a copy of a 1953 "GUN REPORT" article by noted Colt collector John S. Du Mont that shows this revolver as well as a 1970 bill of sale from Jackson Arms. Provenance: John S. du Mont, Jackson Arms, Herb Glass Jr

Rating Definition:

Fine. The barrel retains 50% of the original high polish blue finish with moderate edge wear and scattered handling marks on the sides. The barrel edges are sharp and the legend on the top flat is crisp. The cylinder has 60% of the original blue finish and retains nearly all of the original roll-engraved holdup scene. The recoil shields have 40% of the original blue finish remaining. The grip straps have a smooth silver-gray patina. The case colors on the frame and hammer have faded to a mottled silver gray. The flared walnut grip is in fine condition and retains 50% of the original finish with some extensive scattered flaking. The rear face of the cylinder and percussion nipples show minimal flash pitting. The serial numbers on the butt and wedge are sharp. The action is crisp and functions well. This is a fine example of a rare and very desirable Colt Texas Paterson revolver.

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