Among Colt collectors, there are three models that are considered the "Holy Grails" of Colt collecting. They are the Paterson, the Walker, and the Dragoon; as the production numbers of these three models are minuscule compared to Colt's later guns. While the Dragoon was certainly produced in higher quantities than both the Paterson and Walker, its production run of only 10,500 pales in comparison to the 250,000 M1851 Navies, or 340,000 M1849 Pocket models that were subsequently produced by Colt. The success of the Dragoon pistol, while somewhat limited, is what ultimately cemented Colt's status in American arms-making history; and accounts for at least one of the reasons it is so sought after on the modern collector market.
While most original Dragoons start at about $8,000 and up, the condition of this pistol makes it much more affordable, while still being a complete example worthy of display. The whole pistol is devoid of markings; except for the serial numbers, which are all matching. This is a true original Dragoon, not a cleverly aged reproduction; as indicated by Colt's distinctive gain twist rifling in the barrel (a feature that has never been reproduced in any of the replica guns).
The action is a bit rough, but it is functional. The hammer holds solid on both full and half cock and the cylinder spins freely on half cock and lock ups correctly on full cock.
The barrel and chambers are uniformly but lightly pitted, and the rifling is deep.
