Well, I wouldn't consider myself a Colt "expert," but I'll give a shot at answering your question. First generation Colt SAA's were made from 1873 until approximately 1941 when Colt stopped production for WWII (approx. 357,000 ser. no.). Colt didn't think there was enough demand after the war to retool (original tooling was either worn out or used for another purpose). Great Western and Ruger among others proved them wrong as western movies during the 40's and 50's were extremely popular. Colt started back in production with second generation pistols approximately 1955 (I'm working from memory here and may be off a year or so). Second generation were essentiall the same as first generation with the exception being bore diameter for .45 changing from .454 to .451. Colt produced these until the tooling wore out again about 1975. Third generation went into production in 1977. Several changes: cylinder bushing changed to a pressed in bushing, hammer slightly changed, rachets on cylinder changed and hand modified to simplify production and eliminate hand fitting. Also, barrel threads were changed to a different pitch so that new barrels couldn't be put into old frames without crushing the threads. Anyone else want to add anything to this?