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The cylinder “Stagecoach Holdup” scene and “Colt” marking is also clear and original. “408” is stamped on rear of cylinder. The rear of the cylinder is square (and not rounded). In general, the gun has survived in very nice original condition with overall approximately 50% original blue finish remaining, however, some discoloration and light pitting has developed due to accumulation
of surface rust which has started to set in on portions of the metal surfaces. I recommend the surface rust be carefully removed and the exposed parts oiled using a high quality gun oil by an experienced antique firearms restorer/gunsmith to prevent further deterioration. Conclusion:
In my opinion, this rare antique Colt firearm (circa 1839-40) 9”“Texas” Paterson, s/n #408 is an original specimen that has survived in remarkable good condition as noted above. Tom Seymour. Also included is a Southwestern Laboratories, Inc. letter dated March 29, 1993 reporting on the radiographic inspection. The letter states “Customer Information as described: Colt Texas Paterson NO: 408. Dissembled Antique Colt Revolver for the purpose of metal X-RAY to check for any welded or modified parts. Remarks, Metal X-RAY at 42” high and 4.0 minutes duration NO signs of Welding or Repairs”.
CONDITION: Fine. The revolver retains 50% of the bright original blue finish on the barrel and the frame. The metal surfaces have scattered small patches of surface rust and some light pitting.
There is pitting on the right recoil shield, the sides of the hammer, one cylinder chamber and the right side of the barrel below the front sight. The barrel markings are sharp and the roll-engraved cylinder scene is all intact. The grips are very fine and retain most of the original varnished finish. There is a small, barely noticeable repair on the rear tip of the left grip. The action is crisp, tight, and fully functional. This is an outstanding example of an extremely rare and very desirable Colt No.
5 Paterson revolver in the near impossible to obtain unaltered squareback cylinder variation with long barrel. This is the icon of all Colts ranking equal to (if not above) the Walker Colt. This No. 5 Paterson Revolver would be the centerpiece of the most advanced Colt collection.
Provenance: Petite Antiques, Ltd. Nancy & Tom Seymour; Property of a Gentleman. Estimate: 95,000 - 160,000
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