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Colt 1892 & 1895 "New Army & New Navy" - Civilian Model 38 Colt with a history


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Old 08-15-2015, 07:19 PM   #1
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Default Colt 1892 & 1895 "New Army & New Navy" - Civilian Model 38 Colt with a history

I am researching this gun for my friend. is a very interesting Colt New Navy" - Civilian Model revolver in 38 Colt. It is in like new condition with checkered wood grips and has a colt letter that verifies the it came with the wood grips.

According to the Colt letter it was shipped on January 10. 1904 to Midshipman A. B. Court but engraved by Colt on the backstrap with the name J. E. Otterson U.S.N. I assume it was for some kind of an award at the Naval Academy.

Now for the real interesting part, John E. Otterson's life:

1904 Graduated from the Naval Academy
Held a Master of Science degree from the Massachusetts Institute of Technology
1915 he resigned from the Navy
1918 was issued a patented for a bayonet mount for shoulder arms while working at Winchester
1919 became President of Winchester Repeating Arms Company and served as a member of the Munitions Standards Board during World War I
1927 to 1928 was Vice President of Electrical Research Products Inc. and was instrumental in adding sound to educational films
1928 President of Paramount Pictures Inc.
In World war II he was the director of the Office of Ship Repair and Conversion operated jointly by the Navy and the American Maritime Council
1942 he headed the New Jersey Shipbuilding Corporation and East cost Shipyards, Inc.
He was also chairman of the American Maritime Council, formed to make use of war surplus ships

Some of this info I found on line but most of it comes from his obituary in the August 11, 1964 New York Times.

My friend wants me to put some kind of a value on this and I don't even know where to start. I hope that someone on here can help. It sure makes you feel like you are holding a lot of history when it is in your hand.


File Type: jpg IMG_1390 - Copy.jpg (80.2 KB, 18 views)
File Type: jpg IMG_1391 - Copy.jpg (75.5 KB, 19 views)
File Type: jpg IMG_1405.jpg (50.7 KB, 19 views)

Last edited by KensDen; 08-16-2015 at 03:08 PM.
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Old 08-16-2015, 02:22 PM   #2
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If that is the original finish, the value would be very high. Excellent condition with a history?

Prior to 1968, one could order and take delivery of firearms directly from the factory. The Gun Control Act (GCA) of 1968 brought that to a screeching halt


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Old 08-16-2015, 02:28 PM   #3
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The history of this Colt is very valuable. The picture posted does seem to reflect a refinished handgun.
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Old 08-16-2015, 02:56 PM   #4
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Quote:
Originally Posted by CaptMidnight View Post
The history of this Colt is very valuable. The picture posted does seem to reflect a refinished handgun.
I don't take very good pictures but it is not refinished. He was told it that it was unfired, but that part I am not good enough to tell.
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