June 25-28, 2018 Firearms
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This lot is closed for bidding. Bidding ended on 6/25/2018
This model is the most popular and in-demand of all Paterson models. About 1,000 No. 5 Patersons were produced between 1838 and 1840, beginning with serial No. 1. Visible full serial No. 205 matching on barrel, wedge, both cylinders, inside of backstrap, side of frame strap, trigger, bottom of left grip, and cylinder turning ring. All numbers match in font and style. Octagonal barrel with Paterson 11-groove rifling, top flat stamped in script "*Patent Arms Mfg. Co. Paterson, NJ. - Colt's Pt.*", double curve barrel lug. Five shot roundback percussion cylinder with slot and roll engraved decoration of stagecoach holdup scene, also includes an extra matching cylinder. Steel single action frame with folding trigger and varnished flared walnut two-piece grips. Complete with original burgundy velvet lined mahogany case with beveled lid with a vacant silver plaque on top. Accessories are all correct and original, including: brass-mounted capping tool marked "No. 58" inside lid and on center of coil system, a combination powder and ball flask of copper with brass mounts, both parts stamped "12" and center brass ring roll marked with address marking as on the Belt Model barrels and striations on turning rings, a brass cleaning rod with turned wood handle, iron multi-purpose tool stamped "PATENT" on screwdriver head, a single cavity iron bullet mold with three turned wood handles with brass ferrules and sprue cutter, and a case key. Pistol is in very good condition, overall. All steel components retain a mottled grey patina with some freckling and darker areas. Barrel key has one chip on front face. Some edge wear and light wear to barrel address. Mechanism excellent and bore very good with strong rifling. Cylinder scenes partially worn and only partially visible, and one nipple broken. Most screws have some marring. Grips good, as refinished, some shrinkage and wear, one small piece at top, on left side, has been professionally replaced. This pistol is very honest and has a great homogeneous appearance. Case has some scattered marks on the exterior, interior is faded to a copper hue with scattered mothing, wear, and staining. Accessories good to very good, showing some wear and in condition commensurate with pistol. Finding a complete and correct cased Colt Paterson is very difficult.
Name
Value
Accessories
Wooden case, accessories, extra cylinder
Barrel Length
7 - 1/2"
Caliber/Bore
.36 Percussion
FFL Status
Antique
Manufacturer
Colt
Model
No. 5 Texas Paterson
Paperwork
No
Serial Number
205
Bidding
Current Bidding
Minimum Bid: $55,000.00
Final prices include buyers premium: $100,000.00
Estimate: $110,000 - $115,000
Number Bids: 8
Auction closed on Thursday, June 28, 2018.
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