A research letter should show the original consignee IMHO. I have a Colt caliber .38 Long Colt Army revolver stamped "W.F. & Co." on the butt. It came with it's original article by O.C. Young on "Well Fargo Colts" showing that it was one of a lot of six shipped in 1906 to the Wells Fargo Co.
Best Regards, George
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