Rock Island Auction Company

Lot 186: Cased Colt Belt Model Paterson No. 3 Percussion Revolver

Auction Date: September 10, 2021

Incredibly Rare and Desirable Factory Cased Colt Belt Model Paterson No. 3 Percussion Revolver with Flared Grip, Second Matching Cylinder, and Other Accessories

Price Realized:
Estimated Price: $140,000 - $225,000

Incredibly Rare and Desirable Factory Cased Colt Belt Model Paterson No. 3 Percussion Revolver with Flared Grip, Second Matching Cylinder, and Other Accessories

Manufacturer: Colt
Model: Paterson
Type: Revolver
Gauge: 34
Barrel: 5 1/2 inch octagon
Finish: blue/casehardened
Grip: highly figured varnished walnut
Stock:
Item Views: 1313
Item Interest: Very Active
Serial Number:
Catalog Page: 138
Class: Antique
Description:

The Colt Belt Model Paterson Revolver No. 3 is one of the earliest and most desirable of Samuel Colt's revolvers. Though Colt's Paterson venture was ultimately a business failure, it was successful in establishing his name as a leading figure in revolving firearms and directly led to the establishment of the highly successful and historically significant Colt's Patent Manufacturing Company. This model was manufactured circa 1837 to 1840 in Paterson, New Jersey. Only an estimated 450 were produced within a shared 1-850 serial number range with the No. 2 Belt Model. This model was subdivided between the straight and flared grip versions. This is the latter variation. The barrel has eleven-groove rifling, a small nickel-silver blade front sight, and "-Patent Arms M'g Co Paterson, N-J Colt's Pt.-." As with other percussion Colts, the rear sight is a notch in the tip of the hammer. The cylinders have "COLT" in a double "C" emblem with horse head finials, centaur and horseman scenes with serrated backgrounds, bands at the fronts and mid-sections, round stops, and rounded rear faces. Matching serial numbers are on the wedge, barrel, cylinders, ratchet, hammer, and grip. The left side of the grip has the matching "91" visible. The grip has not been dismounted. It is finished in blue and case colors. The mahogany case has a faint name inscribed on the nickel-silver lid escutcheon that appears to read "McEvens." The case holds a matching numbered second cylinder fitted on a dowel, a bullet mold with three wooden handles, multi-tool with ball seater, cleaning rod, two-part combination ball and powder flask/charger inscribed "Patent Arms M'g Co. Paterson, N.J. - Colt's Pt.," capper with "COLTS PATENT/PATENT ARMS MANG Co PATERSON. N.J." marking and the Rampant Colt over crossed Paterson revolvers, and a key. Provenance: The Mac McCroskie Collection

Rating Definition:

Very fine with 75% plus original blue finish and case colors with some fading on the grip straps from handling, smooth gray and brown patina on the balance, minor spotting, crisp cylinder scenes, and minor marks and scratches. The grip is also very fine and retains much of the original varnish, light dings and scratches, and minimal wear. Mechanically excellent. The case is fine and has a crack on the front left corner of the lid, absent keyhole escutcheon, and minor wear on the lining. The charge is very fine with most of the gild and the bullet mold is exceptionally fine with 85% original niter blue. The other accessories are all fine and have mild age and storage related wear. This model is absent from most Colt collections, and this high condition example would make an excellent addition to any collection.



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