3002
Outstanding Factory Engraved New Haven Arms Co., Volcanic No. 2 Navy Pistol
Currency:USD
Category:Firearms & Military
Start Price:32,500.00 USD
Estimated At:65,000.00 - 85,000.00 USD
SOLD
60,000.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2012 Sep 09 @ 09:07UTC-5 : EST/CDT
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A full invoice should be emailed to the winner by the auctioneer within a day or two.
Estimate: $65000 - 85000
Volcanic No. 2 Navy pistol manufactured by the New Haven Arms Co., in New Haven, Connecticut, c. 1857-1860. The pistol has a blued octagon barrel with integral magazine, silver-plated brass receiver and grip straps and two-piece varnished walnut grips. A nickel-silver cone-shaped front sight is mounted on the barrel and a fixed rear sight is mounted on the receiver. The hammer and finger-lever have a color casehardened finish. The top and sides of the receiver and the back strap are factory engraved with large open scroll-pattern engraving. The top of barrel is roll-stamped with the two-line legend "PATENT FEB.14. 1854/NEW HAVEN CONN.". This legend was revised following Oliver Winchester's takeover of the Volcanic Repeating Arms Co. in April 1857 to eliminate the reference to Volcanic Repeating Arms Co. The serial number, "2168" is stamped on the left side of the butt beneath the grips and on the inside of both grips. The New Haven Arms Co. manufactured an estimated total of 300 No. 2 Navy pistols; examples like this one with factory engraving and silver-plated receiver are rare. Oliver Winchester's association with the Volcanic Repeating Arms Co., and subsequent ownership of the New Haven Arms Co. eventually led to the establishment of Winchester Repeating Arms. The Volcanic lever action integral multi-shot magazine and cartridges with integral primers were important evolution developments in the evolution of American repeating firearms and the eventual development of the Henry and Winchester lever action rifles.
BBL: 6 inch octagon
Stock:
Gauge: 41 Volcanic
Finish: silver-plated/blue
Grips: walnut
Serial Number: 2168
Condition: Excellent. The barrel retains 90% plus of the original blue finish with the balance having faded to a plum-blue patina. Traces of the original silver-plated finish are visible on protected areas of the receiver. The barrel legend is crisp and deep and the barrel edges are sharp. The balance of the brass receiver has a mellow untouched aged patina. The receiver is excellent with perfect side plate joints, sharp edges and crisp engraving. The hammer and finger lever retain traces of the color casehardened finish. The grips are excellent and have nearly all of the original high gloss piano finish intact and show only scattered minor handling marks. This is an outstanding example of an attractive and rare factory engraved Volcanic No. 2 Navy pistol.
More Information
Auction Location:
7819 42nd St West, Rock Island, Illinois, 61201, United States
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20.5% |
Additional Fees:
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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.
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Terms & Conditions > Premiere Auction
1. TERMS & CONDITIONS OF SALE. The following conditions of sale make up the entire terms and conditions on which items listed in our catalog, on the internet web site and addendum sheets will be offered for sale or sold by Rock Island Auction Company (known hereafter as “RIAC”). All bidders who participate by bidding in this auction agree to the terms and condition of sale and agree to be bound by same. Any notices, posted or oral during the sale, are also part of our condition of sale agreement. Acceptance of a bidder card or a bidder number constitutes acceptance of the following terms and conditions of sale. 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, via the internet or other means, the buyer or bidder agree 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 sole and exclusive jurisdiction for contractual disputes is Rock Island County. Auctioneer is not responsible for any errors of the buyer including but not limited to the buyer bidding on the wrong lot.
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.
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.
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9. GUARANTEE. All property offered for sale is as is, where is. All sales are final. There will be NO refunds and no exchanges. Rock Island Auction does not guarantee or make warranties on any lot sold. The bold headline of the 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 recommend you to 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 after 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 guarantee is only on the bold headline of the description and Rock Island Auction Company will only honor this guarantee within 30 days of an Auction. This right to return an item purchased at an auction shall be expressly limited to situations where errors occurred in the bold headline description of an auction item and such 30-day return provision shall not apply to a return of an auction item for any other reason. 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 or any person purporting to act on behalf 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 lot or item for sale.
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ABSENTEE BIDDING. As a service to anyone wishing to place bids in advance of the sale we may accept bids to bid on a potential bidders behalf 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. Buyers acknowledge by bidding absentee via mail, e-mail, telephone, through internet providers, or any other absentee means (not in person bidding) no fiduciary duty exist between the bidder and RIAC. The buyer acknowledges RIAC has a financial interest in all items offered for sale. The buyer acknowledges that there may be a conflict of interest in that RIAC may have an interest in items beyond the seller’s commission and buyer’s premium. In fact RIAC may have offered a guaranteed amount to a particular consignor or may actually have an ownership interest in an item offered for sale. Buyer acknowledges that RIAC has fiduciary duty to sellers and not the buyers. Any absentee bid is executed as if the bidder was actually present and bidding themselves. RIAC will execute bids in a manner such that they will attempt to prevail at the lowest bid possible. We assume no responsibility for failure to execute telephone, sealed, or website/online bids for any reason whatsoever.
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DISPUTES UNDER THIS CONTRACT
Buyer and RIAC agree to mediate any dispute or claim arising between them resulting from the buyer participating in the auction or any resulting transaction. Furthermore the buyer and RIAC agree should Mediation be necessary that Mediation fees if any will borne equally by the parties. Buyer and RIAC are required under the terms and condition of sale to enter into Mediation before arbitration or any court action. Should a party commence legal action other than Mediation without giving written notice to the other party that party will not be entitled to recover attorney’s fees even if they would otherwise be allowed to that party in the action. All mediation, arbitration and court proceedings, whether in state or federal court, shall be filed and conducted solely within Rock Island County, State of Illinois, and not in any other jurisdiction.
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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.
3/14/2012 8:56:55 AM