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The description fits the Model 1851 Colt Navy, a very popular revolver that was made right up into the cartridge era. Of course, it has been one of the most popular reproductions as well, with new ones made by at least a dozen makers, mainly in Italy, as well as by Colt itself.
It is entirely possible that the guns are original, but it would take good pictures to be sure. If there is rust, apply some light oil, but DO NOT attempt to remove the rust. You could be removing a couple of thousand dollars in value if you are not careful.
Original Navy Colts in very good condition (90% and up) can run anywhere from around $6000 to over $20k depending on the exact model. Ones in lesser condition still bring good prices. Even if you have no intention of selling heirlooms, it still is good to know they have value.
If you can show some good pictures, particularly closeups of the bottom of the gun with the serial numbers lined up and the sides of the barrels where the wedges are, it would help to identify the guns.
Needless to say, any markings like "Black powder only" or "Made in Italy" would appear only on reproductions.
Jim
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