The Valuation of a Colt Single Action Army SAA: A Comprehensive Guide

Valuing a Colt Single Action Army (SAA) revolver can be a perplexing task. Factors such as condition, history, and specific attributes can significantly impact its worth, ranging from a few hundred dollars to over $600,000. This guide provides a detailed overview of these influencing factors and offers insights into current market prices and valuations.

Factors Influencing Value

When assessing the value of a Colt Single Action Army revolver, several key factors come into play. The condition, year of manufacture, and condition of the finish are paramount. Collectors and dealers often prioritize these as they directly affect the aesthetic and functional appeal of the weapon.

Condition and Finishing

The condition of the Colt SAA is perhaps the most critical factor in determining its value. Well-maintained and original pieces can fetch high prices, often in the range of hundreds of dollars. However, a revolver in mint or near-mint condition can be significantly more valuable, potentially reaching several thousand dollars. The original finish is crucial; factory finishes, especially those without noticeable wear, can add considerable value. For example, a revolver with a well-preserved finish, especially one that is silver-plated, can command premium prices.

Caliber and Barrel Length

Some calibers and barrel lengths are rarer than others and can increase the value of the revolver. For instance, a Colt SAA with a 4-inch barrel is more common than one with a 5-inch barrel, which can fetch higher prices. Specific calibers, such as .44-40, are particularly sought after due to their history and collectibility.

Engraving and Customization

Engraving is a significant factor in the value of a Colt SAA. Factory engravings, especially by renowned artists, can significantly increase the price. Non-factory engravings by skilled artisans can also bring in a premium, but those by less proficient engravers may be worth less. The presence of original boxes and paperwork can add 20% or more to the price, as these items provide additional historical context and authenticity.

Provenance and Historical Significance

Historical ownership and provenance can dramatically increase the value of a Colt SAA. For example, a revolver that once belonged to a notable figure, such as Wyatt Earp, can sell for $108,000. Similarly, the Colt SAA built for Elmer Keith by Harold Croft fetched $253,000. The Theodore Roosevelt factory engraved by Cuno Helfricht once sold for a staggering $1,466,250. Collectors and dealers often seek pieces with a well-documented history, as this adds significant value to the revolver.

Special Features and Modifications

While modifications often detract from the value of collector pieces, certain modifications by renowned gunsmiths can add a premium. For example, a Colt SAA with exceptional work by a renowned gunsmith like Dave Nimschke, despite having mechanical issues, can still command high prices.

Current Market Prices

As of the current market, the MSRP for a new Colt SAA is $1,799. Second and third-generation models in excellent to new condition can sell for $2,000 to $4,000. For historical pieces, the cost can escalate significantly. A U.S. Cavalry model from 1874 sold for $11,251, and a Nimschke engraved example with mechanical problems and 50% of its silver-plated finish sold for $14,950 in 2020. Wyatt Earp's Colt Single Action Army was sold for $108,000 in 2018, and the famed Keith No. 5 by Elmer Keith and built by Harold Croft fetched $253,000 in 2021. Theodore Roosevelt's Colt SAA factory engraved by Cuno Helfricht sold for $1,466,250 in 2020.

For Accurate Valuation

To get an accurate valuation, it is advisable to consult with knowledgeable collectors or dealers. For example, Cherry’s Fine Guns in Greensboro, North Carolina, can provide expert insights into the value of a specific Colt SAA. They consider the condition, history, and unique features to offer a precise assessment.