SOLD
25,000.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2010 Sep 11 @ 11:56UTC-5 : EST/CDT
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This completely original revolver is one of only 3 known to exist in this, its 100% original configuration. It is accompanied by extensive documentation to include a copy of a letter from renowned firearms expert R. L. Wilson describing this model as “Among the Most Rare of Colt Percussion Firearms and Civil War Artifacts”. Of the three 12” Navy Revolvers known to exist, one; # 91833 is in the Frazier Historical Arms Museum in Lexington, Kentucky; a second, #63197 that sold at auction many years ago for over $60,000.00; and this revolver #91837, the most extensively documented 12” known is accompanied by an exceedingly rare original holster. After many years of research by many collectors and historians, it is now thought that only eight 12” Navy's were manufactured. Serial #618 was, according to Wilson, ordered by Texas Ranger Jack Hayes and has never been found. #63197 resides in a private collection. Four were shipped to Kittridge & Co. in 1861, and the last two of these rare guns have here-to-fore been unaccounted for. We believe that this revolver #91837 has now been properly identified as one of two 12” navy revolvers ordered by Felix Tait of Wilcox County Alabama. It has complete early Fourth Model features. The special order, 12-inch, octagon barrel is fitted with a dove-tailed, German silver, blade front sight. The top barrel flat is roll-stamped with the legend: "- ADDRESS SAML COLT NEW-YORK CITY-" in the usual location near the breech. "COLTS/PATENT" is roll-stamped in two lines on the left side of the frame. The cylinder is roll-engraved with the Texas Navy battle scene and "COLT'S PATENT No". All serial numbers match and are original. An accompanying volume of research sheds some very interesting light on two 12” navy revolvers not found in factory records. It most importantly includes information on two letters that exist. The first is from Amos Colt on February 3, 1860 from Montgomery, Ala. and addressed to Colt stating “Please make two pairs of navy pistols with 12” barrels, cases, and accompaniments, and holsters to suit if they can be made. Send them to Messrs. Marast & Lee, Mobile, who will send a check or the money as you may direct. Direct them to Felix Tait, c/o the Merchants mentioned above by Adams Express.” The second is a follow-up letter from Mr. Felix Tait, written on State of Alabama Adjutant Generals stationary and dated February 18, 1860, to Colt’s Firearms that requests in part, “I desired Mr. Colt to send me two pairs of pistols, one pair 12” and the other 14” barrels. I desire to test them. I shall need some 25 pairs as soon as my company decides as to which they will prefer. I desired each pair be sent in a double case (two pistols in a case) with all the accompaniments, flasks, wrenches, etc. I also desired Mr. Colt to have holsters suitable for the pistols be sent with them if possible”. On the bottom of this letter is a recommendation by Sam Colt, in his own handwriting on how to fabricate the pistol barrels in such a fashion as to include the length of the cylinders as part of the overall measurement, effectively reducing the actual length of the barrels to 12” and 10” models! An extensive search through the Colt Archives found four 12” Navy revolvers within 10 numbers of #91837, and all four letter as shipped together to B. Kittridge & Co., Cincinnati, Ohio on April 29, 1861. It is thought by many experts that our #91837 and the single known existing 10” Navy, # 91750 are two of the four original long-barreled Navy's ordered by Tait, the other 4 lettered guns never being permitted to venture South due to the outbreak of war. Felix Tait was a large plantation owner and adventurer from Wilcox County, Alabama who served with the First Texas Cavalry (originally Texas Rangers) in the Mexican War with the famed, Colonel Jack Hayes. After building his cotton plantation with the help of over 120 slaves, Tait became part of the Wilcox Mounted Rifles and later became Major of the 23rd Alabama Infantry. He also served in both houses of the Alabama State Legislature. Also included in this research archive is a copy of an early colorized photo of Tait with a sword or side-knife in his belt, presumably Civil War period, several photos of an elderly Tait with family and friends and photos of his mansion. In addition, his full Mexican War and Civil War service records to include muster sheets, regimental histories and pension records are included. Much of the information in this archive comes directly from Tait family descendents who still possess Taits’ Civil War Officers Sword and other artifacts. R. L. Wilson closes his letter on these guns as follows; “The long-barreled Navy's rank among the most fascinating, historic, and best-documented Colt firearms known and are worthy of the most discriminating private or museum collection”. Whatever the case, we believe it to be a truly extraordinary Colt Model 1851, 12 inch “Buntline” Revolver as they preceded the famous Single-Actions that were thought to be the original “Long-barreled Colts” !
BBL: 12 inch
Stock:
Gauge: 36 percussion
Finish: blue/casehardened
Grips: walnut
Serial Number: 91837
Condition: The revolver is completely original and is in very good plus condition. The revolver barrel, lever, cylinder and frame have a light brown patina. There is some very light flash corrosion on the rear of the barrel lug and on the front and rear faces of the cylinder. The percussion nipples have flash corrosion and the cylinder shoulders are slightly battered. The cylinder retains nearly all of the roll-engraved naval scene. The trigger guard and back-strap retain 50% tarnished silver-plated finish. The barrel address, patent markings and serial numbers are sharp and crisp. The grip is in near excellent condition, retaining 85% of the original varnish. The action is tight. The holster is in good condition and shows a large star carved onto the flap, which shows a partial tear on the fold and has an added exterior compartment and strap to hold a dirk or small bowie, very unusual and definitely a period addition. This is an extremely rare example of a special order Colt Model 1851 Navy revolver with 12-inch barrel and original holster. This gun will be a stand-out piece in any percussion Colt collection.
Auction Location:
4507 49th Avenue, Moline, Illinois, 62165, United States
Previewing Details:
Preview: Open to the public Thursday, September 9th from 10 AM to 6 PM and Friday, September 10th from 8 AM to 10 AM.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
19.5% |
Additional Fees:
Shipping Details:
Please contact the auction house for the preferred shipper’s contact information
Payment Details:
Payment Information: Auction sales are strictly for cash, cashier’s check or checks (with prior approval of the management), MasterCard, Visa or Discover. NOTE TO ALL BUYERS: Method of payment will be U.S. currency or certified check drawn on an American bank. All sales are final at the fall of the Auctioneer's hammer. Buyer’s Premium: All bid prices “hammer prices” (means the price at which a lot is knocked down to the purchaser) will be subject to a buyer’s premium payable by the purchaser of 19.5% of the bid price. There is a 2.5% discount for payment with cash, approved check or wire transfer. The premium is added to your successful bid and the two together equal the total purchase price. At the announcement of “SOLD”, the highest bidder will have purchased the offered lot. This purchase is subject to all the terms and conditions set forth herein. The purchaser assumes full responsibility thereof and if requested will sign a confirmation of the purchase. The purchaser further agrees to pay the purchase price, buyer’s premium and any applicable taxes before any lot may be transferred. All items purchased by successful bidders must be paid for in full the day of sale. All items purchased by absentee bidders must be paid for in full immediately upon notification.
1. UNDERSTANDING THE TERMS & CONDITIONS OF SALE. The following conditions of sale make up the entire terms and conditions on which items listed in our catalog and addendum sheets will be offered for sale or sold by Rock Island Auction Company (known hereafter as "RIAC") and any client for whom we act as an agent. Any notices, posted or oral during the sale, are also part of our condition of sale agreement. These are the conditions of the sale. Acceptance of a bidder card or a bidder number constitutes acceptance of the following terms and conditions. The purchaser's rights and our respective rights and obligations hereunder are governed by Illinois law. By bidding at our auction whether in person or by agent, sealed bid, telephone bid or other means, the buyer or bidder agrees that the contract created by these conditions of sale is made and performed in the County of Rock Island, State of Illinois and further agrees that should any dispute arise from this contract the jurisdiction for contractual disputes is Rock Island County.
2. BUYER'S PREMIUM AND SALES TAX. All bid prices “hammer prices” (means the price at which a lot is knocked down to the purchaser) will be subject to a buyer’s premium 17.5% payable by the purchaser. The buyer’s premium shall be reduced to 15% provided the payment is paid by cash or the equivalent of cash (cashier’s check, wire transfer, or approved personal check). If the account is settled by credit card, the buyer’s premium then shall be the standard 17.5%. This is not an aggregate percentage on the total items bid rather a per item percentage rate. The premium is added to your successful bid and the two together equal the total purchase price. Some items are exempt from Illinois sales tax and others may be subject to Illinois sales tax or local sales tax. The tax is computed on the total purchase price. To establish a tax free sale, a copy of a valid reseller's permit or other instrument of information must be provided to our satisfaction establishing a sales tax exemption. Any purchaser claiming an exemption yet unable to provide proof will be required to pay the tax to us and seek a refund from the State of Illinois. Generally, all items shipped out of state are tax free sales. We have been authorized by the consignor to retain as part of our remuneration, the buyer’s premium payable by the purchaser.
3. METHOD OF PAYMENT. Auction sales are strictly for cash, cashier’s check or checks (with prior approval of the management), MasterCard, Visa or Discover. NOTE TO FOREIGN BUYERS: Method of payment will be U.S. currency, certified check drawn on an American bank or wire transfer.
4. TERMS OF PAYMENT. At the announcement of “SOLD”, the highest bidder will have purchased the offered lot. All sales are final at the fall of the Auctioneer’s hammer or at the announcement of "sold". This purchase is subject to all the terms and conditions set forth herein. The purchaser assumes full responsibility thereof and if requested will sign a confirmation of the purchase. The purchaser further agrees to pay the purchase price, buyer’s premium and any applicable taxes. All items purchased by successful bidders must be paid for in full the day of sale. All property must be removed from our premises at the purchaser’s expense no later than 5:00 p.m. five days following the date of sale unless otherwise agreed. If the property is not removed, it may be transferred to a public warehouse for the purchaser at the purchaser’s risk and expense.
Absentee Bidders: In order to expedite notification of your bidding all clients with a RIAC web account will be notified via email that you were successful and to check your account. A form is provided for you there to complete and return to us in regards to shipping instructions and method of payment. Once we receive the form we then follow up with a phone call to confirm all information is correct, upon receiving payment and any applicable licensing we process your order. If you do not have a web account with us we will call you regarding payment and shipping instructions and follow up with an invoice in the mail.
Each purchaser at this auction grants us a security in the property purchased. We may retain as collateral security for the purchaser’s obligations to us any of the purchaser’s property and all monies held or received by us. We may apply against such obligations monies held or received by us for the account of, or owing to, the purchaser. We retain all rights of a secured party under the Illinois Commercial Code. Whenever the purchaser pays only a part of the total price for one or more lots purchased, we may apply such payments, at our sole discretion, to the lot or lots we choose. Payment will not be deemed made in full until we have collected all amounts due in cash on good funds (by our definition). If the conditions of sale are not complied with, in addition to remedies available to us and the consignor by law, we hold the purchaser liable for the purchase price, 15% buyers premium, and applicable sales tax, we at our option may either (1) cancel the sale, retain as liquidated damages all payments made by the purchaser or (2) resell the property either publicly or privately, and in such an event the purchaser shall be liable for the payment of any deficiency plus all costs and expenses of both sales and our commission at our standard rates. The purchaser is also responsible for all other charges due hereunder attorney’s fees and incidental damages, etc.
5. INTEREST AND DEFAULT. Payment is due upon receipt. If the buyer's invoice is not paid in full within 15 days of the auction, RIAC, has the right and will charge the buyer's credit card of record on file for the total invoice amount. Interest will be charged on all balances not paid at the rate of 1-1/2% (18% APR) effective 15 days from the date of purchase/auction. Should the buyer not comply with any of the Terms and Conditions of Sale, the damage recoverable from the defaulter shall include any loss arising on the resale of the lot, together with the charges and expenses in respect of both sales, interest from the date of the sale as well as any legal or collection fees incurred. RIAC shall hold any money deposited in partial payment on account of any liability of the defaulted item and will apply it at the sole discretion of RIAC to the outstanding debt.
6. WITHDRAWAL. We reserve the right to withdraw any property prior to sale.
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8. If we are prevented by fire, theft, or any other reason from delivering any property to the purchaser, our liability shall be limited to the sum actually paid therefore by the purchaser and shall in no event include any incidental or consequential damages.
9. GUARANTEE. All property offered for sale is as is, where is. Rock Island Auction does not guarantee or make warranties on any lot sold. The bold headline description is the only written statement Rock Island Auction Company will guarantee as correct. Descriptions in the catalog are opinion. They are written as an aid to potential bidders. We acknowledge that there may be errors in what is written beyond the bold headline description. We strongly recommend you personally view any item you bid on or have an acknowledged expert view the item. Statements starting with the word condition are opinions, not statement of fact or guarantees. If a dispute about a lot arises it is the buyer’s responsibility to provide a written statement by an acknowledged qualified expert within 30 days of the auction that the bold headline is in fact incorrect. If the expert’s statement is indeed correct Rock Island Auction Company will make a full refund upon return of merchandise. Providing the merchandise is returned in the same condition it was received. We must again reiterate the guaranteed statement is only on the bold headline description. Rock Island Auction Company will only honor this guarantee within 30 days of an Auction. Rock Island Auction Company will have no further obligation including no refunds or returns will be accepted if the above conditions are not met. Items offered for sale as described in the catalog or any bill of sale, advertisement, addendum sheet, or elsewhere as to authorship, period, culture, source, origin, measurement, quality, rarity, provenance, importance, exhibition, physical condition are qualified statements of opinion and not representations or warranties. No employee of Rock Island Auction Company is authorized to make on our behalf or that of the consignor, any representation or warranty, oral or written, with respect to any property.
10. The Conditions of Sale shall bind the successors and assigns of all bidders and purchasers and inure to the benefit of our successors and assigns. No waiver, amendment or modification of the terms hereof (other than posted notices or oral announcements during the sale) shall bind us unless specifically stated in writing signed by us. If any part of these Conditions of Sale is for any reason invalid or unenforceable, the rest shall remain valid and enforceable.
11. RESERVES. Some items in this auction may be subject to reserve (the confidential minimum price below which the lot will not be sold). If a lot is offered with a reserve, we may implement that reserve by bidding on behalf of the consignor. This bidding will not constitute opening bidding. If no opening bid is received we will pass the item. However once bidding is opened we will bid on behalf of the consignor to reach the reserve price. Nominal bids – the auctioneer may reject nominal bids, small opening bids or very nominal advances made with the purpose of disparaging an item. If a lot fails to achieve a bid equal to or exceeding 25 - 30% of the low estimate, the item may be passed and not sold and may not be re-offered until a later sale. If we have an interest in an offered lot and the proceeds there from other than our commission, we may bid therefore to protect such interest. Items which are not reserved are sold at the auctioneer’s discretion.
12. Consignors are not allowed to bid on their own merchandise nor have any agent bid on their behalf. If the Auctioneer recognizes such bidding or is advised of same, the Auctioneer reserves the right to withdraw any or all items consigned by the offending consignor, no exceptions.
13. ABSENTEE BIDDING. As a service to anyone wishing to place bids in advance of the sale we may accept bids at our own discretion by telephone or sealed bid using the forms we provide. A Sealed Bid must be received and credit approved in advance of sale date. It is the Bidders responsibility to establish credit before bidding, or we will accept a 15% deposit in the amount of the total bids. (Deposits will be returned within ten (10) days after sale, if not successful). A Sealed Bid form is enclosed in the back of the catalog. Bids may also be faxed to (309)797-1655. Additionally on-line bidding is available on our website. We assume no responsibility for failure to execute telephone, sealed, or website/online bids for any reason whatsoever.
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"Cover-Me Bids": As a Telephone Bidder be aware that there is the risk of us not being able to reach you. Therefore you may want to consider allowing your phone representative to execute bidding on your behalf. At the time of arranging for your phone bids simply give amounts that you are willing to go to on each lot in the event we are unable to reach you. This amount is only utilized if you are not on the phone with your representative. Assuming you are reached via telephone, they will rely on your verbal instructions only. "Cover-me bids" are not mandatory, you can place them at your discretion; they are simply a safety net in case you cannot be reached in time or not at all.
15. FIREARMS LAWS. All post - 1898 firearms must be registered in compliance with Federal and Illinois State Law. Buyers of post - 1898 firearms must complete state and federal registrations forms at Rock Island Auction Company, 4507 49th Avenue, Moline, Illinois 61265, unless otherwise specified. A 3-day waiting period is mandatory for modern handguns, a 24-hour waiting period on modern long arms. Dealers and out-of-state buyers must have in their possession on the day of sale, signed copies of their Federal Firearms License in order to accept same-day delivery of modern weapons. Buyers who act as agents for FFL dealers must have a letter of agency as well as an original signed copy of the dealers Federal Firearms License (FFL).
16. CLASS 3. All firearms designated as Class 3 must be registered in compliance with the NFA registry. A $200 federal tax payment is required each time a functional NFA firearm is transferred to or from a private owner. This fee as well as full purchase payment is due at time of purchase in order to process the paperwork. The new owner of the Class 3 firearm will be required to complete 3 forms - 1) ATF Form 4, 2) fingerprint card, 3) ATF form 5330.20 Certificate of Compliance. These forms will be provided to you by Rock Island Auction Company. Note: if state of local law requires a permit or license to purchase, possess, or receive NFA firearms, a copy of the transferee's (buyer) permit or license must accompany the application. Rock Island Auction Company then mails the paperwork for the Federal Transfer Tax to BATFE. The BATFE says that it can take up to 90 days for approval. We will receive back one of the Form 4's (they are sent in duplicate) with a Federal Tax Stamp attached to it. This is given to the new owner when he/she picks up the NFA firearm. No further tax is due. The following states do not allow individuals to own machine guns: California, Hawaii, Illinois, Iowa, Kansas, Maine, Michigan, Mississippi, New Jersey, New York, Rhode Island. SPECIAL NOTE: If you are an SOT (Special Occupation Tax) payer (Class 3 dealer) you are able to transfer functional NFA firearms to or from other SOT payers and government agencies with BATFE approval, but without having to pay a transfer tax.
17. Rock Island Auction Company makes no warranties or representations whatsoever and no employee or consultant of Rock Island Auction Company has the authority to do otherwise, concerning the operation of firing condition, fitness for use, safety to store, or reliability, of any firearm, ammunition, or parts. Use of any firearm or ammunition purchased at Rock Island Auction Company is entirely at the user’s risk. Rock Island Auction Company offers for sale the lots as “collector” lots only. We strongly recommend that all weapons, ammunition, etc. purchased at auction be examined by a competent gunsmith. Rock Island Auction Company expressly disclaims any liability whatsoever for accident, injury or damage resulting to any person from the storage or subsequent use of any such lot.
18. All delivery, shipping and storage charges must be paid by the successful bidder prior to delivery of the firearm.
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20. Limitation of Liability. Except as expressly provided above, all property is sold “as is”. Rock Island Auction Company nor the consignor makes any representation or warranty, express or implied, as to the title, merchantability, fitness or condition of the property or as to the correctness of description, genuineness, attribution, provenance or period of the property or as to whether the purchaser acquires any copyrights or other intellectual property rights in lots sold or as to whether a work of art is subject to the artist’s moral rights or other residual rights of the artist. All firearms and ammunition are sold as collector lots only. fitness to fire or otherwise discharge the arm or ammunition is expressly denied by rock island auction company. a competent gunsmith should be consulted before attempting to use or fire any firearm or ammunition. the purchaser expressly acknowledges and agrees that in no event shall Rock island auction company be liable for any damages including without limitation any compensatory, incidental or consequential damages.