Colt Peacemaker of 1873 sells for $242,000 USD

On May 14, 1987, a historic auction marked a milestone in the world of collectibles as a Colt revolver, the famous Peacemaker model of 1873, fetched an astonishing $242,000 USD. This event underscored the enduring appeal and significant value of this iconic firearm, celebrating its place in American history and craftsmanship.

Introduced in 1873, the Colt Peacemaker, also known as the Single Action Army revolver, quickly became a cornerstone of American frontier mythology. Renowned for its reliability, versatility, and groundbreaking design, it was favored by lawmen, outlaws, and civilians alike. Originally, this revolver sold for around $17—an affordable sum at the time, which contrasts sharply with its modern auction price, highlighting its extraordinary appreciation in value.

The $242,000 paid at the 1987 auction reflects the revolver’s rarity and profound historical importance. The auction drew collectors, enthusiasts, and historians, each recognizing the unique value of this storied firearm. The winning bidder secured not merely an artifact but a tangible piece of Americana.

Age is a significant factor in the revolver’s value; being over a century old enhances its appeal as a collector’s item. Moreover, the Peacemaker’s intimate connections to the lore of the Wild West augment its desirability and demand among collectors.

The craftsmanship and quality for which Colt firearms are known are evident in the Peacemaker. Known for its intricate engravings and meticulous attention to detail, this revolver exemplifies the high standards of its makers, contributing to its high auction price.

Considering the booming market for collectible firearms, which has seen a steady rise in demand for pieces tied to significant American historical periods, prices for such items have surged. The sale of this Colt Peacemaker is part of a broader trend where rare and valuable firearms find heightened interest, propelling the market to vibrant new heights.

This sale not only emphasizes the material worth of such historical items but also their role as symbols of cultural identity. The Colt Peacemaker, emblematic of the Wild West and American expansion, represents more than a firearm; it is a portal to a pivotal era in history, offering a tangible connection to the past and the narratives woven into the fabric of the American experience.