Colt 1903

Guns Magazine, April, 2007 by Jeff John

Q: I inherited a Model 1903 Pocket .32 ACP from my dad. It bears the serial number 510XXX, which I believe to be a Type IV as it does not have a barrel bushing and has the addition of a magazine safety. I would classify it in the 90 to 95 percent condition. Can you advise the approximate date of manufacture?

I have no intention of selling this gun, but passing it on to my oldest son and I would like an estimated value if possible. Also, I have been told there is a conversion available for .380 ACP. Is this true? What is the availability, approximate cost and would the conversion require any change to the original firearm degrading its value? Lastly, does it require a gunsmith to make the conversion?

Glen Schaefer

West Des Moines, Iowa

A: Your neat little Colt Pocket Model was made in 1931 (the picture above is from 1933 Colt catalog) and is indeed a Type IV. Such a gun would retail for around $450, according the 27th Edition of the Blue Book of Gun Values. A survey of prices on www.gunsamerica.com shows them priced a little higher. You can turn the little .32 into a .380 by swapping out the barrel and magazine. It would be a good time to replace the recoil spring, too.

I wouldn't do it to such a nice pistol, though. Gun Parts (226 Williams Lane, West Hurley, NY 12491, 845/679-4867, www.gunpartscorp.com) usually has reproduction barrels and magazines. They should drop in, but may require fitting. It shouldn't affect the value if you keep the original parts, but the .380 will be harder on the gun and, frankly, it's too nice to convert.

In the condition you describe, you have a beautiful little collector's item and it will hold its value very well. Ammo in .32 ACP is relatively cheap, very pleasant and accurate, and is easy on the gun. Your high condition gun is one I'd only take out a couple of times a year for fun. Good hollowpoint ammo like the 60-grain Winchester Silvertip makes the .32 ACP viable for defense.