Rock Island Auction Company

Lot 3110: Serial Number 12 Colt No. 2 Belt Model Paterson Revolver

Auction Date: May 15, 2022

Desirable Early Production Serial Number 12 Colt No. 2 Belt Model Percussion Paterson Revolver

Price Realized:
Estimated Price: $25,000 - $40,000

Desirable Early Production Serial Number 12 Colt No. 2 Belt Model Percussion Paterson Revolver

Manufacturer: Colt
Model: Paterson
Type: Revolver
Gauge: 31
Barrel: 4 1/2 inch octagon
Finish: blue
Grip: walnut
Item Views: 613
Item Interest: Very Active
Serial Number:
Catalog Page: 74
Class: Antique

The Colt Paterson was Samuel Colt's first revolver and helped make his name a byword for the revolver, and, though the Paterson venture was short lived and ended in commercial failure, the successful use of the Paterson by men like the Samuel Walker and the Texas Rangers established both the revolver as a form and Samuel Colt's reputation and ultimately led to the rebirth of Colt's firearms business in 1847 and his company's immense success in the 19th century. He received his first patent for revolvers in 1835 in England and then the U.S. in 1836 and formed the Patent Arms Manufacturing Company in Paterson, New Jersey, later the same year. Less than 3,000 of his expensive revolvers split among several models and variations were manufactured before the company closed in 1842. This is a highly sought after example of a Colt No. 2 Belt Model Paterson Revolver. According to "The Book of Colt Firearms," approximately 800 Colt Paterson No. 2 revolvers were manufactured (page 27). Experts believe that fewer than 250 of these revolvers still exist today. The revolver has a high polish blue finish on the barrel, cylinder, frame, grip straps and hammer. The grips are highly figured walnut with a high polish piano finish. The five-shot, square back cylinder is roll engraved with a centaur hunting scene. The top of the barrel is roll-stamped "-Patent Arms Mg Co Paterson N.J. Colt's Pt.-." The matching serial number "12" is marked on the wedge, back of the barrel lug, rear of the cylinder, cylinder ratchet, trigger, inside the back strap, and on the bottom of the grip.

Rating Definition:

Very good with primarily crisp edges, smooth gray patina mixed with some mottled light brown patina and patches of slight pitting, distinct markings, mostly legible cylinder scene, and mild overall wear. The grip is fine and has strong patches of the original varnish remaining along with mild handling wear, some light scratches and marks, and some attractive figure. Mechanically excellent. This is a very solid and early example of the historic Colt Paterson No. 2 Belt Model Revolver.

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