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 The Mustang (very quickly renamed the Silver
Mustang) was the second in the series for Nichols cap guns. It sported plastic
grips and was a "break-down" model (you would open a special chamber that held
the roll caps) and was also a success. To open the chamber you pushed a little
white plastic square button on the left side of the gun and the gun would
open.
 The success of the Silver Mustang and its predecessor, the
Silver Pony and its follower, the Silver Colt enabled the company to have the
strength and foresight to be able to create the famous Stallion 45 Cap
Gun.
 The
Silver Mustang was made in 1947 and sold for $ 1.50. This gun is quite scarce
these days. With this Cap Gun, Nichols Industries really got on its feet and
started major production. But they had no idea what was in store for them with
the Stallion 45.

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| DON'T FORGET TO SEE
THE OTHER CAP GUN BRANDS! |
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TODAY'S FEATURED ITEM ON THIS WEBSITE! There are
over 4,500 pages (including those from thumbnailsand the site is still
growing!) on this website that will give you more information plus BIGGER
PHOTOS!
Super MOC Hubley
Colt .45 Photo by Scott McCollum CLICK ON THIS
THUMBNAIL TO GO TO THE PARENT PAGE FOR THIS ITEM. (then go find
it!) |
| WE HAVE LOTS OF BRANDS OF CAP GUNS BESIDES
JUST NICHOLS ON THIS WEBSITE. |
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 Notice how this Mustang doesn't have the jewel in
the plastic grips? This is one of the earliest models. Later they changed
the grips. Photo by Jamie Linford

 And here is
the Silver Mustang with the red ruby in the grip. The concept of the ruby jewel
was carried over into the Stallion 45, but that was the last Nichols Cap Gun
that had one. Notice that the mustang on the grip has a rider on it. CLICK ON BOX FOR MORE PHOTOS OF MY SILVER MUSTANG
BOX Photo by Jamie
Linford |
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 Well,
here's as nice a version as you are likely to see. A Mustang (without the
jewel-and notice that it doesn't say, "Silver Mustang" but only "Mustang") and
it just happens to be...THE TEX TAN VERSION! Top that! Nichols was very
friendly with Tex Tan in the very early days and was very happy to get somebody
to sell their Cap Guns. Of course, when the big Stallion 45 hit the market,
then everybody wanted a piece of the action. CLICK
ON THE PHOTO TO SEE ANOTHER VIEW OF THE BOX
 Photo by Rick
McQuiston |
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 A
photo showing the Mustang with black grips. Notice there is no jewel in this
photo. Thanks to Robert Nichols for this photo
 You can see the Longhorn Steer on the right grip
of the one with the black handle. My Aunt Ruth was a pottery enthusiast in
those days and made the original molds for the Longhorn.

 And
here is the original mold made by my Aunt Ruth. The grip beside the mold is
a plastic Mustang grip. Photo by Robert Nichols
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 Break down of
the Mustang so you can see where the caps went. This is the gun pictured above
without the jewel.

 A close-up of
the cylinder and the name, "Mustang," showing the little white button you
pushed to open the gun.
 Photos by Jamie
Linford

 A close-up shot
of the black grip without the jewel.
 Photo by Robert Nichols |
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 Here's a good close-up
of the grips w/o the jewel. Click on this photo for an even bigger photo.
 And the grips w/ the jewel. Click
on this photo for an even bigger photo.
 These photos by
Rich
Hall, one of our advertisers. |
 I bet you didn't know that
the Mustang came with red grips. Probably Robert's influence. I have never seen
one myself, nor with the green jewel either. Photos by John
Bracken
 Good close up of the
button. |
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 See the jewel
facets? |

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PRICES (These prices are merely guidelines to help beginners. Experts
don't need help!) See PRICES for more info on
guidelines. |
| DESCRIPTION |
MINT VALUES |
AVG. VALUES |
| Silver Mustang w/ Jewel |
$215-245 |
$100-180 |
| Silver Mustang w/ Jewel and Box |
$325-375 |
$225-275 |
| Silver Mustang w/o Jewel |
$235-265 |
$120-200 |
| Silver Mustang w/o Jewel and w/ Box |
$345-395 |
$245-295 |
| Silver Mustang Box Only |
$115-145 |
$35-75 |
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| We will be
happy to list toy shows and the like (free), if you will please send them to me
at: . |
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| Should you
have some nice photos and/or some text, please send them to me at:
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