"Back in the day, a new Colt SAA cost what, $25.00?"
My reproduction 1894 Sears Roebuck & Co. catalog lists.... "Colt's Single Action Revolver. Army, Frontier, and Target Revolvers, Nickel Plated or Blued, .32, .38, .44, .41, .45... $12.95."
Same catalog lists "Colt's New Navy double action revolver. .38 or .41 @ $12.00." Same price for "Colt's Double Action Revolver, .38 & .41," and "Colt's Double Action Army Revolver, various barrel lengths, .44, .45., or .38, six shooter, for $13.75."
So whether or not Colt made only 1/3 million Colt's Single Actions, they made a tremendous amount of other revolvers in other models,including their double actions... which were also bought and carried by many people.
From my many years research on "the old West," I've found that those who could afford a Colt's, or S&W, bought one. Others bought cheaper ones.
As for "the cowboy," he would have either a rifle or pistol on the trail, although as said above, they were usually kept in their warbags with the chuck wagon....UNLESS, there were some fear of either outlaws or Indians. Trailing cattle on raw broncs, roping, etc., made wearing a pistol or having a rifle in a saddle scabbard not only awkward, but dangerous.
Most "cowboys" at that time would have carried Civil War cap 'n ball revolvers, and rifles. Don't forget, the trail herds north ended in 1881, as the railroads pushed all over the West.
Nevertheless, most people of that day owned firearms, whether percussion or cartridge, shotgun, rifle or pistol. People were armed at home, out in the boonies, or where they travelled.
Same today, for modern times. Never hurts to be prepared.
L.W.
EDIT: In additon, same catalog, "Winchester Rifles, Model of 1873, various lengths, octagonal or round barrel, various calibers, $11.86."
"Winchester Rifles, Model of 1886, same barrels, .40-82, .45-70,.38-56, .40-65, .50-110, $14.18."
For these princely sums, one also received a FREE cleaning rod!!
My, how things have changed!
L.W.