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AFAIK, all the last generation "Colt" black powder revolvers were made by Uberti, then shipped unfinished to Colt for the final finishing & assembly - why most likely they're hard to assess for value.
Does one assess one of them as a Colt, an Uberti, or something else - like as a commemorative ?
Given the Colt letter, I lean toward assessing it as a Colt.
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Those were the second gen Colts. The third gens were made by the Colt Black Powder Arms Co. who had no affiliation with Colt. They were made under license from Colt but Colt had no part in their manufacture. They didn't touch them, they didn't warranty them, they won't work on them and they won't letter them. The letter in the pic is from the Colt Black Powder Arms Co., not Colt