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 Walker was largely built from leftover Walker parts. Subsequent contracts beginning in 1848 followed, for what is today known among collectors as the First, Second and Third Dragoon Models that were all based on the Colt Walker, enabling a rapid evolution of the basic revolver design. These improvements included shorter barrels, shorter chambers, typically loaded only to 50 grains instead of 60 grains, thereby reducing the occurrence of ruptured cylinders, and the addition of an improved catch at the end of the loading lever to prevent the dropping of the loading lever under recoil. The Colt Walker was quite powerful, with