In 1860, the Colt 1860 revolver was priced at around $20. Now, that may not sound like a lot, but let me put it into perspective for you. During the 1860s, this price was considered quite high, both for the United States Army and private citizens.
At the time, $20 was a significant sum of money. To give you an idea, the average monthly wage for a laborer in the 1860s was around $15. So, purchasing a Colt 1860 revolver would have cost more than a month’s worth of wages for many people. It was certainly not a purchase that just anyone could afford.
This high price point led to criticism of Colt and his revolvers. Many people felt that the price was too steep, and that it excluded a large portion of the population from being able to own a reliable firearm. In a time when personal protection was important, this was a significant issue.
Recognizing this criticism and the need to make the revolver more accessible, Colt eventually reduced the price of the Colt 1860. By 1865, the revolver was available for $14.50. While still not cheap by any means, this price reduction made the firearm slightly more affordable for those who desired it.
It’s interesting to note that even with this price reduction, the Colt 1860 revolver was still considered quite expensive compared to other firearms of the time. However, its reputation for reliability and effectiveness in combat made it a popular choice among those who could afford it.
I personally find it fascinating to think about the cost of firearms in the 1860s. It’s a reminder of how much our economy and the value of money have changed over time. It also highlights the importance that firearms held in society during that era.
The Colt 1860 revolver originally cost around $20 in 1860, which was considered quite expensive for both the United States Army and private citizens. This high price led to criticism, and eventually, Colt reduced the price to $14.50 by 1865. Despite this reduction, the revolver remained relatively expensive compared to other firearms of the time. It’s intriguing to reflect on the cost and value of firearms in the past and how they have evolved over time.