Colt 1911 1902 .38 acp? - Pistolsmith
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Old 04-29-2013, 05:58 PM   #1
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Location: Fort Worth
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Colt 1911 1902 .38 acp?

Anyone able to tell me what this gun is worth? What the triangle with VP on the trigger guard means? Its all original i think. Anyone know if it is military issued?
What year it is? Thanks










Last edited by Slavik; 04-29-2013 at 10:34 PM.
 
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Old 04-29-2013, 11:42 PM   #2
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First off...it's not a 1902, it's a Pocket Hammer from 1903. These pistols are in .38ACP, the forerunner of .38 Super. Don't even think of firing .38 Super in the Pocket Hammer; you'll break the pistol.

"VP" stands for Colt Verified Proof. It's Colt's proof mark. In it's current condition, as evidenced by your photographs, I would think it worth $760-$1000. In this, as in all things, I reserve the right to be worng .

I have one of my own, they are a great example of Victorian design and manufacturing. Speaking of manufacturing, these were made into the '20's (or at least sold from stock); yours dates to about 1909, according to coltautos.com. See Colt 1903 Pocket Hammer .38 ACP Pistol Production Information - Coltautos.com for more details on your pistol.

regards,

Walt
 
Old 04-30-2013, 01:01 AM   #3
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Join Date: Apr 2013
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Yes I know not to shoot .38 Super in this gun because it will "Blow Up in your hands"
What was the deciding factor on price for you? I am in a limbo here. When I look on other sites there are guns in the same caliber and worse quality, and a younger SN then mine and all are going for more then that. In the 2k range. Do you think it is the, was the, gun market is going on? I have had the antique department of Cabelas tell me they have never had one in their store and havent heard of it, so yes i know it is their inexperiance, so they would pay just to have one in their store. When I go to gun dealers they say it never last long because of collectors they buy them up. I dont want to sound rude but is what you are telling me the realistic price of the gun? When I get offered more then that should I hop on it because it is a steal? Even though there were around 1500 of these made they believe there is less then 900 still around to day. Let me know what I should do. Thanks
 
 
Old 04-30-2013, 04:00 AM   #4
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Colt's actually made just under 31,000 of the Pocket Hammer. There seems to be some confusion with the 1902 models (Military and Sporting), which are indeed much more rare and uncommon. The 1902 Sporting numbered 7,000 or so, the 1902 Military, 18,000. The original 1900 was the rarest, with 4,300 made. I don't know where the number "1500" comes from, as it does not relate to any of the 1900/1902/Pocket Hammer figures.

As for values, there is one right now on ArmsList at $900:

ARMSLIST - For Sale: 1903 Colt pocket hammer 38

This is a current listing.

Regards,

Walt
 
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