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Kittredge & Co., a Cincinnati agent for Colt, used the name in an advertisement for the pistol, which was then priced at $17. Name Used in 1877Īccording to a spokesman for Colt Industries, Pete Williamson, no one knows exactly when the name ''Peacemaker'' was first used for the revolver. After the war, production resumed and an additional 500,000 have been made. The pistol remained in production until World War II, when 357,859 had been manufactured. The first 25 produced were made with a number of variations, which were then changed or deleted. Martin, who collects guns that were owned by such famous people as Buffalo Bill, George Custer, Wyatt Earp, Annie Oakley and Alexander Hamilton, said that it is not the pedigree of this pistol but its rarity that made it so important. It was the first practical six-shooter and the gun most identified with winning the West. The used value of a COLT SAA pistol has fallen (38.36) dollars over the past 12 months to a price of. The new value of a COLT SAA pistol has risen 93.32 dollars over the past 12 months to a price of 2,320.08. ''It is the first made of the most famous gun ever produced in America,'' said Gregory Martin, an antique gun dealer and collector from San Francisco, after he purchased it. COLT SAA New and Used Price, Value, & Trends 2021. 45-caliber Colt revolver - the first six-shooter of the type known as the ''Peacemaker'' to be produced - was sold for $242,000, a record at auction for a firearm, at Christie's East on Thursday.