Fugate Firearms of Gilbertsville, KY, recently alerted me to the availability of a New-in-Box (NIB) second-generation Colt 1860 Army (Model F1200). Among second-gen collectors and traders, NIB is clearly defined as in “absolutely mint” condition (See Dennis Russell’s Percussion Colt Revolvers—The Second Generation: Collector’s Handbook & Price Guide, p. 56). I wrote to confirm the condition and received the following written response from Matt Fugate: “Why would I list it as NIB if it is not?” The superficial external examination permitted by Fugate’s no-firing / no-disassembly policy revealed no significant discrepancies. However, when I removed the cylinder as part of my customary “Safe Queen” preparation (which includes waxing all metal surfaces), I discovered that the nipple under the hammer was completely rusted shut and the entire rear of the underlying chamber was filled with a plug of rust, possibly a quarter inch deep. Fugate Firearms was notified within their three-day inspection period but refuses to accept return of the piece, citing their no-disassembly policy. They dismiss the fact that the defect, which renders completely inoperable a piece that was both presented and reaffirmed in writing to be “factory mint,” could not be detected without disassembly. I note a similar account on RipoffReport.com.