I have a friend who said that an old lady that he knew years ago gave him a pistol that belonged to her late husband. He said that he didn't know anything about it and that it was an old Colt of some sort. I got to take a look at it today (he brought it to me at work). I was blown away at what I saw. It was a near mint condition Colt Model 1902. It has a little holster wear along the ridges of the slide but other than that, the blueing is what I would call Excellent. It even has the original magazine. I looked in a couple books and found that this colt was originally sold to the Navy. Colt made 3500 of this pistol and sold 200 to the Navy, 200 to the Army and the other 3100 to civillians. The only book I have that lists a value is an old Modern Book of Gun Values 1995 edition. That book lists this pistol at $5500, but I imagine that number is probably about only 2/3 of its value now. I would be interested in hearing any estimates anyone has. He is unsure if he wants to sell it. He told me "...it's probably worth about $1500 and who wouldn't like to have $1500..." Anyway, I don't want to take advantage of him so I would like to find out a somewhat definite value. I took some pics, but at work, all I had was my camera phone.