I know what youâ€™re thinking and itâ€™s wrong â€“ Winchester never made any pistols. Not true. Youâ€™ve probably also heard over the years that Sam Colt and Oliver Winchester had a gentlemenâ€™s agreement that Colt would make handguns and Winchester would stick to long guns. Wrong again. Colt did manufacture slide action rifles and SxS shotguns, even though they didnâ€™t develop legendary reputations like Oliver Winchesterâ€™s repeating rifles and shotguns.
Winchester DID make a few pistols and even some revolver prototypes. This particular pistol was based on the Model 1902 single-shot rifle that was produced in .22 cal from 1902-1931. Over 640,000 of these rifles were manufactured during this time period, and it was Winchesterâ€™s entry .22-caliber rifle that had a retail price of $5 in 1902. More importantly, why did Winchester bother with a pistol, and what were their marketing plans for potential sales? There isnâ€™t a lot of information on these pistols that never made it into the production stage, and it seems all were prototypes, since no two have the same features. Thereâ€™s also a theory that these were â€ślunch bucket gunsâ€ť made by Winchester employees.
LeRoy Merz, well-known and long time Winchester dealer from Minnesota, provides the following information on this weirdo:
â€śOver the last 30-35 years, I’ve probably had a total of 12 or 13 of these Winchester pistols. Every one I have had or examined has been different. The taper of the barrel, the sight, notches or grooves, the handles-whether it be walnut, brass or pot metal. The complete designs vary from heavy barrels to pencils barrels. Every one I have examined has been under serial #20. I understand that at one time, these were offered for sale to the public in both Australia and New Zealand — I have not been able to confirm that, but 3 of these guns came from New Zealand. The sides of the walnut stocks are marked: one is marked ’102′, one is ’103′ and one is ’104′. I’m not sure if this is Winchester’s marking or the marking of an importer. These pistols are very unusual and quite collectible — I wish I had kept all the ones I’ve had over the years. Some range from VG quality to a strange, very crude, poor quality for Winchester. I don’t know just what they were trying to do.â€ť
In terms of value, theyâ€™re actually somewhat of a novelty item. Winchester lever-action collectors donâ€™t need to buy one â€“ neither do Winchester shotgun aficionados. This is a good example where rarity is not the trump card in determining a firearmâ€™s value. While undoubtedly these pistols are rare, theyâ€™re not that desirable for most collectors. After all, how many Winchester handgun collectors are out there? This can also be determined by the value, since theyâ€™re a lot less expensive than mainstream Winchester rifles and shotguns.
So whatâ€™s this Winchester pistol really worth? $3,500-4,000. The bottom line is that weâ€™ll probably never know exactly why these pistols were made. Even if we did, it most likely wouldnâ€™t make much difference in their value or collector status with Winchester dealers and collectors.