The history of the Colt reissued cap and ball revolvers is interesting. Colt's link to Italian manufacturers is well established. There are those who denigrate these 2nd and 3rd generation Colts as "Spaghetti Colts" and incorrectly claim that such Colts were made entirely in Italy.
History of their manufacturing disproves this claim.
The 2nd generation is widely considered to be the finest-made of all Colt reissues. It's not considered a reproduction, because it was finished and sold by the original maker.
Those who yell, "Spaghetti Colts!" need to remember that many Winchesters have been made by Miroku of Japan, and Fabrique Nationale of Belgium, yet they are collectively called Winchesters.
I don't hear the derogatory terms of "Wasabi Winchesters" or "Flemish Winchesters" applied to them.
Why not also denigrate Brownings made outside the U.S.? I haven't heard reference to "Strawberry Waffle Brownings." In fact, Brownings made and assembled in Belgium are more highly valued than those with parts made in Belgium and assembled in Portugal. Why this is so escapes me, because I have both types and quality is very high.
So why all the "Spaghetti Colt" labels? The Colt 2nd generation is very finely made, fit and finished. The 3rd generation "Signature Series" suffered from spotty quality control, ranging from very good to lousy. I've seen examples of both qualities in 3rd generation Signature Series, but I've never seen a poorly fit or finished 2nd generation.
Those who claim they are not "real" Colts need to reconsider.
And by the way, ever examine how many foreign parts are in your "American made" Chevrolet, Ford or Dodge?
If you have a 2nd generation Colt, you have a very finely made Colt.