The Colt Cowbay was a bad idea. Colt decided to build a version of the Ruger SA revolver, that is a single action with a transfer bar and not the old SAA hammer mounted firing pin. They wanted a gun that could be carried safely loaded in all 6 chambers. Unfortunately, they had allowed Ruger to get about a 40 year head start on this idea, and Colt's version was not nearly as well made as any of the competition. It was also priced like a lower end Colt. It lasted for about 4 years and was discontinued. I have read a lot of CAS shooters opinions on the Colt Cowboy revolver, and very few of them were good.
If you bought a used Cowbay for $600, and it is in great condition and shoots well, the price was not out of line. They were priced very high to begin with, and some people think they are going to be collectable someday because they are marked "COLT".
If you bought an actual Colt SAA for $600 (the hammer mounted firing pin) you paid about half the going rate for it if it is in in even reasonably good condition.
Either way, I hope it is a good shooter and that you enjoy it.
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