I don't think serial numbers are a reliable way of estimating the total number of Freedom Arms blackpowder mini revolvers produced. I have always believed the blackpowder serial numbers were in the same series as the rimfire versions of the mini revolvers. Perhaps mini revolver frames were taken from the rimfire assembly line and altered for blackpowder use. Freedom Arms blackpowder mini revolvers were produced in 1", 1-1/2", and 3" barrel lengths, so if it is true that a total of 500 were manufacture, or 500 for each barrel length for a total of 1,500, it would still be very collectible. I wonder how many were produced with factory engraving and factory scrimshawed elephant ivory grips, as pictured in my second post.
All three of my Freedom Arms blackpowder mini revolvers have 1" barrels.
1. Serial # C051XX purchased in October, 1982, from Freedom Arms, when it was first introduced in a full page promotional ad in the Shotgun News. I ordered mine that day, so I find it impossible to believe over 5,100 blackpowder mini revolvers were already produced. This is when I reasoned that the blackpowder mini revolvers were serial numbered together with the rim fire versions.
2. Serial # C054XX purchased in January, 1983 from Freedom Arms. I find it difficult to believe Freedom Arms was producing a 100 blackpowder mini revolvers a month, unless the serial numbers are misleading because they're numbered within the rimfire serial numbers.
3. Serial # C011XX purchased in November, 1984 from Freedom Arms. This is the factory engraved blackpowder mini revolver that I custom ordered. The only explanation I can think of, for the low serial number, is that the frame and barrel were engraved, remained in inventory, and subsequently converted to blackpowder, possibly for sale to me.
Perhaps my theory about the blackpowder mini revolvers being serial numbered with the rimfire versions is wrong. We need to have posts of Freedom Arms rimfire mini revolver serial numbers to see if there is a similarity in serial numbering.