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Originally Posted by Man of many Colts
There have been occasions when a 2nd Gen Colt BP revolver has appeared on GunBroker that was one that snuck out the back door of Colt's with a 'custom' serial number assigned by the worker that put it together. It is possible - and more than likely - that the same thing happened with the Sig Series guns and that this 1851 Navy is one that someone made up with his own serial number using his initials.
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Back door guns were a common occurrence at Colt blackpowder arms.
Contact Dennis Russell. He is mostly a 2nd Gen guy but he does have some 3rd gen info.
I looks like a genuine 3rd gen with a very odd serial number. Not from any documented production run.