Colt Single Action Army was discontinued in 1999, as was the 4.75" variant, which was reintroduced in 2002. Manufacturing of the Colt Cowboy was discontinued in 2003. Colt engraved less than one percent of its first generation production of the Single Action Army revolver, which makes these engraved models extremely rare and valuable with collectors. Engraved pieces were often ordered by or for famous people of the day, including lawmen, heads of state, and captains of industry. This tradition began with the founder, Samuel Colt, who regularly gave such examples away as a means of publicity for Colt. Colt employed a number of engravers,
Colt Open Top Pocket Model Revolver White patent for metallic cartridges firearms manufacture expired (c. 1870) the Colt's Patent Fire Arms Manufacturing Company started working on its own metallic cartridge revolvers (Colt had previously been manufacturing the so-called Richards-Mason conversions). Thus, Colt introduced its first rear-loaders in 1871: the Colt House/Cloverleaf and the Colt Open Top Pocket Model Revolver. In the 1870s the firearms market was awash with cheaply made knockoffs of the .22 caliber Smith & Wesson Model One which sold for about $2. Colt's president Richard Jarvis decided it would not compete directly with the knockoffs; that its .22 would be of Colt quality.