The Colt 1851 Navy revolver holds a legendary place in American history and firearms collecting. Understanding its original price provides crucial context to its current value and historical significance. While pinpointing the exact original price requires nuanced understanding of the era's economic complexities, we can paint a clear picture.
The Price in 1851: A Look at the Economics
The Colt 1851 Navy's original price wasn't a single, fixed figure. Several factors influenced the cost, including:
- Dealer markups: Like today, retailers added their own profit margins.
- Variations in finish: Differences in the quality of the metal, engraving, or other finishes would affect the price. A basic, functional model would cost less than an elaborately engraved version.
- Fluctuations in material costs: The price of materials like steel and wood varied over time, impacting manufacturing expenses.
Based on historical records and catalogs from the period, the average price of a Colt 1851 Navy revolver ranged from $12 to $18. This represents a significant sum of money in 1851. To put it in perspective, consider the average annual wages of the time and the cost of other goods. This firearm was a substantial investment, typically reserved for individuals with considerable means.
Beyond the Monetary Value: Considerations of the Time
It’s vital to consider that the $12-$18 price tag doesn't fully capture the revolver's value. In the mid-19th century, firearms were essential for self-defense, hunting, and even law enforcement. For many individuals, owning a Colt 1851 Navy represented more than just a financial investment—it symbolized security, status, and preparedness in a rapidly expanding and often volatile nation.
The Colt 1851 Navy Today: Collector's Item and Historical Artifact
The Colt 1851 Navy revolver is now a highly sought-after collector's item. Its original price pales in comparison to its current market value, which varies greatly depending on condition, provenance, and any unique features. A well-preserved example in excellent condition can fetch tens of thousands, even hundreds of thousands, of dollars.
Factors Influencing Modern Value:
- Condition: Rust, damage, and missing parts significantly reduce a revolver's worth.
- Originality: Modifications or repairs detract from a collector's perspective.
- Accessories: Original boxes, cleaning rods, and related documents dramatically increase value.
- Provenance: A documented history showing ownership by notable figures or its involvement in significant historical events significantly impacts price.
Conclusion: From Frontier Staple to Coveted Collectible
The Colt 1851 Navy revolver's journey from a relatively expensive yet essential firearm to a highly valued collector's item underscores its enduring legacy. While its original price provides a glimpse into the past, its current value reflects its historical significance and enduring appeal to collectors and enthusiasts worldwide. Understanding this evolution offers insight into both the firearm's story and the shifting economic and social landscape of America.
