This article came about as an opportunity from Rock Island Auction. They are auctioning over 1000 Colts, including over 150 first generation Colt Single Actions, this coming weekend. We took this as an opportunity to gather a basic overview of collecting Colt Single Actions, with specific examples from the auction included here, to give the project an immediately tangible benefit. It is amazing what some of these guns go for at auction, and even as a spectator, interested in only the antiquity of old Colts, just seeing them come through the auction is a once in a lifetime birdseye opportunity to learn about the individual history of these specific guns. Most of these Colts are from the famous Gateway Collection and contain pictures of the documents proving their provinance right on the RIA website.
Many of these guns have no comparison anywhere in the market, and several will sell for hundreds of thousands of dollars, including factory engraved Colts taken from the dead bodies of the Dalton Gang. Next week all of these classic Colts will be on their way again to the next private collection, and some of them will never to be seen again in the collector market. This is a unique opportunity to see into one of the greatest collection of Colt Single Actions, while learning a little about collecting the most classic of all classic firearms. This is by no means a comprehensive instruction, but if you are new to collecting old Colts, it should at least get you on your way, and guard you from getting ripped off.