Ever wonder about the untold stories behind America’s most legendary artifacts? Today, we’re diving into the incredible saga of the Colt Walker revolver, a firearm so rare and powerful that a single near-mint model once fetched nearly two million dollars at auction. This wasn’t just any gun; it was a game-changer, holding the title of the most powerful handgun in the world for an astonishing eighty-eight years. But beyond its impressive stats and record-breaking price, the Colt Walker’s true legend lies in how it pulled Samuel Colt from the brink of financial ruin, carving its unforgettable place in American history.

Our journey begins with Captain Samuel Hamilton Walker, a seasoned Texas Ranger fighting on the front lines of the Mexican-American War, desperately needing a robust, reliable weapon for his cavalry troops. What followed was an unlikely partnership, a design challenge, and a race against time that brought together Colt’s ambition and Walker’s battlefield experience. Join us as we uncover the fascinating twists and turns of this pivotal collaboration, exploring how an innovative firearm, born of necessity and ingenuity, became an icon of the American West and a cornerstone of gun collecting history.

📖 Read the Episode Transcript
And we continue with Our American Stories. For a time, a near-mint Colt Walker held the distinction of being the most expensive gun ever sold, after it was auctioned for one point eight million dollars in twenty eighteen. Here to tell the story of the legendary Colt Walker Revolver is Logan Metish. Logan founded and runs High Caliber History, LLC, and has more than a decade of experience working for the Smithsonian Institution and the National Park Service. Let’s take a listen.

Two of the most iconic words in the world of gun collecting are Colt Walker. Only one thousand revolvers were ever made for the U.S. military, and only one hundred more were made for civilians. Of those, only about ten percent survived. That scarcity has propelled this black powder percussion revolver to legendary status. Sporting a nine-inch barrel and tipping the scales at four pounds, nine ounces, this forty-four caliber wheel gun was huge and designed not to ride in hip holsters, but in saddle-mounted holsters and to be used by cavalry troops on horseback. It was the most powerful handgun in the world for an impressive eighty-eight years, from its introduction in eighteen forty-seven until the three fifty-seven Magnum cartridge hit the scene in nineteen thirty-five. It also saved Samuel Colt from bankruptcy after his first commercial revolver design tanked. So, what’s the deal with the gun’s name? Captain Samuel Hamilton Walker of the Texas Rangers began his military career at nineteen with a brief stint with the Washington City Volunteers during the Creek Indian Campaign in eighteen thirty-six in Alabama. He then traveled to Florida as a scout and finally ended up in Texas in eighteen forty-one. He was in Galveston in eighteen forty-two, serving under Captain Jesse Billingsley, fighting for the Republic of Texas against the Mexican Army. He was captured by the enemy in December eighteen forty-two and marched to Mexico City as a prisoner of war. He escaped his imprisonment and fled to Louisiana before joining the Texas Rangers in eighteen forty-four under Captain John Coffee Hayes. He was promoted to the rank of Captain and led a company during the Mexican-American War. Hayes was attempting to raise a new regiment at the time, and Walker mentioned that Colt’s first revolver model, Patterson, would be a good fit for this new group. He was one of the very few to use the revolver in combat, and he viewed it favorably. When Walker sent a letter to the Inspector of Contract Arms, Captain William Thornton, asking how he could go about procuring one thousand Patterson revolvers, he learned that Colt’s gun company had since gone out of business. Here’s where Walker and Colt’s paths cross, but not in the way that you might expect. Most accounts would have you believe that Walker initially approached Colt to discuss the shortcomings of the Patterson and how it could be improved. This is only partly true. Walker actually didn’t make the first move. Colt did, and he was hoping that Walker could put him in touch with Hayes, saying in a letter, “If you think sufficiently well of my arms to urge the President and Secretary of War to allow your company to thus be armed, you can get them.” Of course, Colt made no mention of the dire condition of his business at the time, and he was undoubtedly hoping that a military contract would save his hide. In response to Colt’s letter, Walker mentioned that with improvements, “I think this gun can be rendered the most perfect weapon in the world.” This is the first time we see a relationship between Colt and Walker begin to form, and it’s also the first mention of changes to the original Patterson revolver’s design. This was the start of a long-drawn-out and complex relationship among Sam Colt, Eli Whitney Jr., Sam Walker, and countless military and government officials that played out over the next few years. When all the wrangling was through and everything was in place, Sam Colt received a contract for one thousand revolvers in the design that would eventually be known as the Colt Walker. Today is one of the most legendary, sought-after, and expensive models in the gun collecting world. However, the gun almost never came to be, and by the time it was all said and done, Captain Sam Walker himself probably wished that it hadn’t. The improvements included what we think of as a standard trigger and trigger guard arrangement, as the Patterson had a trigger that was housed in the frame and only descended when the hammer was tocked. The single action revolver was quite powerful enough to kill a man or a horse with a single shot as requested, and more robustly built than the previous Patterson. Sam Colt was one hell of a marketing genius, which helped keep things going for him in the early years. But most importantly, and much to the chagrin of anyone who ever did business with Colt, he lived a fake-it-till-you-make-it lifestyle. Colt didn’t have the capital to make the one thousand guns that the government had contracted for, so he turned to Eli Whitney Jr. of cotton-gin-inventing fame, for help with the financial side of things. He also leaned heavily on Whitney for the actual manufacturing machinery and capabilities, since he didn’t have any of those either. To ease the manufacturing burden, the contract was split into two orders of five hundred guns. Once the first order was successfully delivered, the second would be approved. Most, from the beginning, Colt overpromised and underdelivered. There was always some excuse as to why certain parts weren’t finished and why production was lagging behind. Walker desperately needed the batch of pistols, not only to save his own reputation, but because his regiment was heading back to Mexico imminently and they needed the revolvers. Even as production faltered, Colt was still writing to Walker asking for help to increase the size of the contract. Walker acknowledged that he was doing all that he could, but that it was very hard to convince the military to increase an order when not a single gun had been completed in passed inspection. “Try, if possible, to have me one pair complete, and I will be more certain to secure the order for a larger number,” Walker pleaded with Colt. Colt replied that he was doing his very best, that he had “as many as fifty men engaged to work on them,” and that he was paying as high as three and four dollars a day to entice men to switch jobs and come work for him. The actual records tell the truth, and Colt was lying on both counts. When the guns did come in for military inspection, they were found lacking. The cylinders on some burst under fire and failed proofing. Others were missing the screwdrivers and powder flasks that were supposed to come with them. The mechanism that held the loading lever against the barrel was weak. It would sometimes allow the lever to pop loose under recoil, which could block the cylinder from revolving. Some people using these early models tied the lever to the barrel with a piece of rawhide or string to keep it in place. All the while, Sam Walker was left trying in vain to get a hold of the guns that would eventually bear his name so that his company of men could be outfitted with these incredibly modern firearms. In a letter written to his brother regarding the desire to capture Mexico’s General Antonio López de Santa Anna, Walker stated, “If I had my revolving pistols, I should feel strong hopes of capturing him or killing him.” Alas, Walker had no revolvers save for a single pair that eventually were sent directly to him. On October ninth, eighteen forty-seven, Captain Samuel Walker was killed in action in Mexico, presumably with his Colt revolvers by his side, and so, of the one thousand military Colt Walkers made and the one hundred guns produced for the civilian market, Captain Walker’s personal pair of pistols are the only examples that he ever saw before he was killed in battle. Soon after, the Walker was replaced by a parade of different Colt Dragoon models, often otherwise known as the Model eighteen forty-eight, that endeavored to fix the predecessor’s shortcomings. It didn’t take long for the eleven hundred Colt Walkers to enter the annals of gun history. In the first half of the twentieth century, when gun collecting as a whole was beginning to take shape, Colt Walkers had already established themselves as key pieces to any Western military or Colt collection. By the mid-twentieth century, The Outlaw Josey Wales, starring Clint Eastwood, helped keep the allure of the gun alive for another half century, and in twenty twenty-one, Texas Governor Greg Abbott named the Colt Walker to be the official handgun of Texas. For a time, a near-mint Colt Walker held the distinction of being the most expensive gun ever sold after it was auctioned for one point eight million dollars in twenty eighteen. It’s since been eclipsed by another Colt, a later Single Action Army model that, while men Pat Garrett reportedly used to kill the notorious outlaw Billy the Kid. That gun sold for an astonishing six point zero three million in twenty twenty-one. After one hundred and seventy-five years, the legend and the legacy of the Colt Walker Revolver is still larger than life, which I think is altogether fitting for a gun named after a Texas Ranger.

And a terrific job on the production and the storytelling by Greg Hengler, and a special thanks to Logan Metish. Logan founded and runs High Caliber History, LLC. And what a story, the legendary Colt Walker Revolver, which was the most powerful handgun in the world from eighteen forty-seven till nineteen thirty-five. But when The Outlaw Josey Wales was made, Clint Eastwood did the rest of the marketing for Colt, thus the spiraling prices and that one point eight million dollar price tag. The story of the Colt Walker Revolver here on Our American Stories.