1851 Colt Navy 2nd Gen - Pictures and Questions

phomeniuk

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Chatham, ON
Hello all. I received this absolutely gorgeous 1851 colt navy 2nd gen from my father as a gift a few years back. A little bit of a back story: My father bought this gun new in 1976. He took it home and wrapped it in the t-shirt you see in the pictures and put it in a soft case and that's where it's been ever since. He would take it out about twice a year to give the metal a light coat of oil. Other than that it was only ever taken out of the case for show and tell. It has never been shot, cocked or even touched with bare hands. Since in my possession it has received the same or better treatment. I plan to pass it down to my children some day.

Questions I have are:
1. How collectible are these particular models?
2. Roughly what is the value of these guns in this type of condition? I've done some research and have found mixed results.
3. There is no original box, however my father had a custom box made for it in the late 70's. Does the lack of original box affect it's value.
4. Are there any other interesting facts about these models that I should know?

Note: I have no intention of ever parting with this gun outside the family, asking purely out of curiosity.




 
This from pohil a THR member:

COLT´S MANUFACTURING COMPANY, INC. Current firearms manufacturer with headquarters located in West Hartford, CT.
Colt´s Manufacturing Company, Inc. is the previous manufacturer of 2nd Generation Colt percussion revolvers located in Hartford, CT. Colt used subcontractors to supply rough castings for the manufacture of these black powder pistols. Throughout the production years 1971-1982, these rough castings were produced in Italy and the reproductions were completed in the United States. Initially, Val Forgett and Navy Arms provided these parts/components during 1971-73. Lou Imperato supplied these parts from 1974 to 1976. In both instances, these revolvers were assembled and finished in Colt´s facilities in Connecticut. Finally, from 1978 to 1982, Colt subcontracted both parts procurement and final production to Lou Imperato and Iver Johnson Arms in Middlesex, NJ. Colt percussion revolvers produced by Iver Johnson had frames, center pins, nipples, and screws manufactured in the United States. In all instances, these revolvers were manufactured in accordance with Colt´s strict specifications and quality control. Additionally, Colt´s performed final inspection for all models. All percussion models manufactured from 1971 through 1982, either by Colt or its subcontractor, are regarded as authentic Colt pistols and not Italian replicas.
The Colt Custom Shop also produced a limited number of special editions through the early 1990s from 2nd Generation production inventory.
 
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