The Colt Colt Paterson No.1 Pocket Lot 2 is a Antique first produced in 1837. It carries a scarcity score of 95/100 based on tracked survey data, with 4 active listings currently on the secondary market and a global benchmark price of $285,199.
This Colt Paterson No. 1 Pocket revolver represents the earliest chapter of Samuel Colt's revolver production, manufactured at the Patent Arms Manufacturing Company in Paterson, New Jersey, during the brief 1836-to-1842 window before the enterprise collapsed financially. As the first practical revolving-cylinder handgun to reach commercial production, the Paterson established the mechanical principles, including a hand-rotated cylinder indexed by cocking the hammer, that would underpin Colt's revolver business for the rest of the nineteenth century. Early production examples like this one predate several refinements Colt introduced later in the Paterson's run, including improvements to the loading mechanism. Despite its commercial failure at the time, the Paterson's design directly informed the Walker and Dragoon revolvers that would establish Colt as America's dominant handgun manufacturer in the following decade.
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