Rare firearms draw attention from collectors and serious shooters for reasons beyond nostalgia: provenance, condition, and mechanical quality define long-term value. This late 19th-century Colt offers a blend of rarity and practical shootability that deserves close inspection.

COLT BEAUTIFUL SINGLE ACTION ARMY FLATTOP TARGET MODEL — Serial number 146570, made in 1892, chambered in 38 S&W with a 7 1/2″ barrel. The piece shows 99% of the restored finish and retains excellent original Fleur D’ Lis checkered wood grips. As one of only 39 made in 38 S&W out of a production run of roughly 914, it includes a factory letter confirming the configuration (AC654).

Historic features and condition

The flat top Single Action Army target variant is notable for its target-grade 7 1/2″ barrel and flat-top frame profile, optimized in the period for deliberate, precise shooting. The serial 146570 matches factory records, and the included letter validates the rare configuration—critical for collectors who prioritize documentation. The documented 99% restored finish means the metalwork presents extremely well while preserving period-correct appearance; the Fleur D’ Lis checkered wood grips are original and in excellent condition, a distinguishing aesthetic and tactile detail.

Shooting characteristics and the 38 S&W caliber

The 38 S&W is a low-pressure, easy-recoiling centerfire cartridge with a long history in target and pocket revolvers. In a 7 1/2″ target-barrel platform, expect stable sights, reduced muzzle flip, and inherently good accuracy for slow-fire precision or cowboy-action-style competitive formats. The barrel length and target designation make this example more shooter-friendly than short-barrel carry pieces, and the Single Action timing and lockwork—when serviced—deliver a crisp trigger pull and consistent lockup.

View product details and pricing — listed at $13,950.99, this revolver’s rarity, factory letter, and original Fleur D’ Lis grips justify its position in the upper tier of collectible Colts.

Collector value and practical considerations

With only 39 examples in 38 S&W, provenance and condition drive market value. The factory letter (AC654) and the serial number verification make this an attractive acquisition for museums, advanced collectors, or shooters who prioritize original components. If you plan to shoot it, ensure a gunsmith experienced with vintage Colts inspects timing, cylinder gap, and grips for safe use.

For collectors and shooters seeking a documented, near-original 1892 flattop target revolver, this example merits inspection. Check current availability and purchase details on the product page — clicking the links will take you to our shop where the retailer provides the purchase option.

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