I have no idea how many changes the Colt Cowboy went through. The one I had was identical in apperance and feel of my SAAs. On close inspection the case hardening looked like the other clones, acid etched, painted on, however, I don't know, but it was pretty. My problem with the gun is that it wouldn't shoot. I don't mean that I couldn't hit the target, I mean it wouldn't go "Bang". It started with one chamber per cylinder full, not always the same chamber either, so I detail stripped and cleaned it, I thought that maybe something had gotten undet the firing pin and wasn't letting it travel far enough forward to pop the primer, so lots of finger pressure, turning and lots of gunscrubber. I did it just like you'd lap a valve. After trying this, it started missing on two chambers. I marked the chambers, and it wasn't the same chambers all the time. I packed it up and sent it back to Colt (at my nonreimbersed expense). Two to two and a half months later it comes back. I took it out back, guess what!! Now it's three chambers!!! I don't know if the firing pin was too short, I don't think it was too soft, there was no pening on the end, if the transfer bar was too low, too short or if the hammer was wrong. I no longer cared, this turkey was history, but that's another story where I deliberately went seaking vengance trying to screw an individual and was sucessful.
I guess to sum up my ideas about Colt: If you want a collectable gun, get yourself a dressed up Colt, if you want to shoot Colts, join the club, get a SAA. BUT If you want a high quality, reliable Single Action Army pistol, with an American company that will stand behind what they sell, get a USFA. I wish I had the money for another SAA, it would be USFA.