From 1947 to 1955, the Second Series featured Sport and Target Models, with Target barrels shortened to 6 inches, and saw a side-mounted magazine release. Designers and engineers at Colt re-proportioned the grip (with Coltwood or brown plastic stocks) with a higher arch, for better controllability, and they added a weighted-barrel Match Target Model to the line.
The Third Series, from 1955 to the end of production in 1977, had the magazine release relocated to the frame’s bottom. It introduced the economical, fixed-sight Challenger and Huntsman Models, along with other variations. Stocks were black plastic, but beginning in 1960 Colt offered thumbrest walnut stocks at no extra cost. The price back then for a Woodsman Target was $84.50. Two years ago a 1938-era, 95-percent Woodsman Target with original magazine, box, and sales receipt sold for $850 at Wally Beinfield’s Las Vegas Antique Arms show.
This pristine Third Series Target Model was shipped on June 21, 1974. If I hadn’t known it had previously been shot, I would have rated it NRA New, as virtually 100 percent of the finish is present. As the saying goes, the only thing missing is the box. Even so, at 99 percent, to a collector it is easily worth $800 or possibly more.