As a point of interest, I found this on a U.S. dealer's web site....it has since sold to another dealer who currently has this piece for sale at $4,400.
See below.
A '51 Colt Navy that was purchased by the U.S. Navy, it has iron gripstrap and trigger guard.
The dealer's description.
Colt '51 Navy-Navy Revolver
36 caliber Colt '51 Navy-Navy Revolver, serial# 61763, with 7 1/2" octagonal barrel. Butt of backstrap is marked "U*S*N". Butt of right grip clearly marked "I/SCR" for the naval inspector. Left side of frame marked "US". Iron gripstrap and enlarged trigger guard typical of Navy contract. Nice light patina on metal with slight pin-prick pitting. Excellent markings. Partially visible cylinder scene. Walnut grips with moderate handling marks. Sound mechanics. To date this is the nicest Colt Navy-Navy I've had since most endured hard use well after the Civil War.
An excellent reference book for '51 Colt Navies.
College Hill Arsenal is currently offering the gun shown above for sale.
This is one of his photos with a very interesting description and writeup on these U.S. Navy purchased Model '51 Colts.
This is a VERY GOOD example of a US Navy inspected Colt M-1851 Navy revolver. The number of Colt’s .36 caliber M-1851 “Navy” revolvers purchased by the US Navy was rather limited. While Colt had vigorously lobbied the Navy to purchase his revolving pistols during the early 1850’s, he met with significant resistance. He did manage to secure an order for 100 revolvers in June of 1852 for the use of Commander Perry’s command on his voyage to Japan. However, the general belief of the Naval Ordnance Department was that pistols were only of use while boarding an enemy ship, and in those circumstances edged weapons such as sabers or axes were of more use to the typical seaman. In fact the chief of Naval Ordnance, Commodore Morris wrote to Secretary of the Navy James Dobbin on June 21, 1854, noting in part:
“It has not been considered advisable heretofore, to purchase Colts revolvers for general service……….Pistols can seldom be used with effect in the Navy, except when boarding vessels, with the view to their capture, which very rarely occurs. At such time, the contest soon becomes hand to hand when sword or boarding hatchets could be used by seamen, with equal, if not greater certainty and effect than pistols.”
In 1861 Admiral Dahlgren had his Bowie Knife bayonet accepted by the Navy probably for the reasons expressed above.
This attitude remained in place at the top echelon of the Naval hierarchy through the Civil War and into the post war years. In fact, the Navy adopted the Remington rolling block single shot pistol as their standard sidearm in 1865. Colt was not to be discouraged, and ever the consummate salesman, he did manage to sell the Navy 50 of his M-1851 revolvers in June of 1856 and an additional 50 revolvers in May of 1857. In September of that year, the Navy finally placed a large order for M-1851 revolvers. They purchased 2,000 (less the ones that had been previously ordered), which were delivered starting in November of 1857. These guns appear in the 55500 to 62000 serial number range. The first 615 were delivered for inspection at the Norfolk Naval Yard on November 9, 1857. The next batch of 667 were delivered to the Boston Naval Yard on December 6, and rest of the guns were delivered to the New York Navy Yard later that same month. The Navy placed a second order for an additional 600 M-1851’s in August of 1859. These guns were in the 89000 to 91000 serial number range, with half of the guns delivered to the New York Naval Yard and the other half delivered to the Boston Naval Yard.
By 1860, Colt M-1851 revolvers were listed in the small arms inventories of nearly 30 US Naval vessels, including the USS Caledonia, USS Colorado, USS Congress, USS Crusader, USS Cumberland, USS Decatur, USS Fennimore Cooper, USS Fulton, USS Independence, USS John Adams, USS Lancaster, USS Merrimack, USS Mississippi, USS Pawnee, USS Plymouth, USS Porpoise, USS Powhatan, USS Portsmouth, USS Roanoke, USS Sabine, USS Saranac, USS Saratoga, USS St. Mary’s, USS Susquehanna, USS Vincennes, USS Wabash, USS Water Witch & USS Westernport.
This Colt M-1851 Navy-Navy revolver is part of the original order for 2,000 guns and was delivered to the New York Navy Yard in December of 1857. The revolver has the matching serial number 61763 on all of the major parts, with the loading lever and the barrel wedge having the matching number 1763, omitting the first digit. Like all of the Colt M-1851’s delivered under this USN contract, the revolver has a London style iron backstrap and a large London style iron triggerguard. The lower front portion of the left side of the frame is marked in three lines: COLT’S / PATENT / U. S.. The octagon barrel is marked with the single line New York barrel address that reads: — ADDRESS SAML COLT NEW YORK CITY—. The bottom of the iron gripstrap is clearly marked: U * S * N and the bottom of the wooden grips are marked: I / S * C * R, indicating inspection by Commander Stephen C Rowan at the New York Naval Yard. The gun remains very crisp and sharp throughout, with good edges on the octagon barrel and crisp, clear markings in the metal and the wood. The pistol retains some minor traces of its original blued finish on the barrel, mostly in protected areas, which has blended with a smooth plum brown patina over the balance of the barrel. The frame retains traces of the original case hardened finish, which has faded to a medium gray brown with some lightly oxidized salt and pepper discoloration. The metal surfaces are mostly smooth, with scattered patches of light peppering and pinpricking over the entire gun. There are some areas of slightly heavier pinpricking and some light pitting on the barrel, forward of the cylinder and on the front portions of the frame. There is also a dime sized patch of light pitting on the right side of the barrel, near the muzzle. The cylinder retains about 60%+ of the roll engraved Mexican War naval battle scene. The cylinder retains all of its original cones (nipples), in good and serviceable condition. The loading lever retains some strong traces of its original case hardened finish in the protected areas, which has blended with a smooth plum brown patina, matching the gun well. The gun appears to retain all of its original screws, which are in very nice condition and show minimal slot wear. The pistol is mechanically excellent and functions very well. The gun indexes, times, and locks up exactly as it should. The bore of the pistol rates about VERY GOOD as well, and remains relatively bright with crisp rifling and light scattered pitting along its entire length. The one-piece, oil finished, black walnut grips are in VERY GOOD+ condition, and are free of any breaks, cracks or repairs. The grips do show some handling marks from use and a couple of minor dings and tiny surface chips.
Overall this is a really lovely, 100% complete and correct, all matching Colt M-1851 Navy-Navy. These are very scarce guns, with only 2,600 marked and naval accepted guns being procured. Considering that Colt produced over 215,000 of the M-1851 revolvers in Hartford, these USN marked M-1851 Navy revolvers represent only 1% of the total production. This gun has a wonderful look and has not been messed with in any way. It is in much better condition than most Navy purchased M-1851’s encountered, and it would be hard to imagine finding one with crisper and clearer inspector markings.
All of the Navy purchased revolvers saw use on board ships, and considering the harsh environment they were exposed to, this gun is in really great shape. A Colt Navy-Navy is a real coup for any serious collector of US marital percussion revolvers to acquire. This gun would be a great addition to any such collection or to a Civil War USN collection. This is simply a great gun that you will be very proud to own and to display.
http://www.collegehillarsenal.com/shop/product.php?printable=Y&productid=936
David
P.S.
The gun shown below Sn # 61308 sold on Oct 27 2011 at Little John's Auction Service in California for $7,000 plus buyers premium of $1,085.
Early Colt U.S. martial Navy-Navy Model 1851 percussion revolver originally in the Swayze collection and pictured in his book on ’51 Navies, page 86.
The Swayze book is shown above.
SOLD
7,000.00USDto joebusch+ (1,085.00) buyer's premium + taxes, fees, etc...
This item SOLD at 2011 Oct 27 @ 14:11UTC-7 : PDT/MST
http://www.icollector.com/Early-Col...r-originally-in-the-Swayze-collecti_i11291979
The same gun Sn #61308 sold at an earlier auction on March 13 2011 (7 months earlier) for $3,393.
Go figure?
http://www.auctionflex.com/showlot.ap?co=23431&weiid=5772278
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Although in no way as rare as the’ 51 Colt Navy-Navy revolvers this ’51 Navy-Army revolver was purchased by the U.S. Government in 1857 for the Army.
The markings on this martial revolver are very clear and it is all matching.
(The cylinder scene is very complete....quite difficult to find.)
The Navy-Armies also have the U.S. marking on the frame, but unlike the Navy-Navy revolvers that have the U.S.N. and inspector markings on the bottom of the grip strap there is an inspector’s final acceptance cartouche on the left grip of the Navy-Armies.
There is also a faint sub-inspector’s cartouche on the right grip. (Not shown.)
These packets of .36 cal cartridges are not that easy to find.