357, preferring the lower-cost, “plain-vanilla”. Municipal police departments couldn’t afford the higher-priced Colt. 357," manufactured until 1961 when it was discontinued after about 15,000 revolvers had been produced. The new frame was designated as the "I" frame, introduced in 1953 as The "Colt. Heat treatment was enhanced to increase strength to handle the. Realizing their mistake a day late and a dollar short, an improved medium-frame revolver was built on the Official Police "E" frame, changing the hammer mounted firing pin to a spring loaded firing pin mounted inside the frame. 357s were produced from 1935-1940 and these are highly collectible. Because the New Service and Shooting Master models were discontinued during the war, this left Colt with no double-action revolver in production which could be chambered for the. 357 Magnum would be a low-volume, low-profit, specialty item, so upper management ignored it. 38 Special revolvers they had before the war. When WW2 ended, Colt made a monumental marketing blunder because management assumed in error that its post-War customers would buy the same fixed sight. I would agree price is $100 high unless you have the original box, etc.
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