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The family of Colt Pocket Percussion Revolvers evolved from the earlier commercial revolvers marketed by the Patent Arms Manufacturing Company of Paterson, N.J. The smaller versions of Colt's first revolvers are also called "Baby Patersons" by collectors and were produced first in .28 to .31 caliber, and later in .36 caliber, by means of rebating the frame and adding a "step" to the cylinder to increase diameter. The .31 caliber carried over into Samuel Colt's second venture in the arms trade in the form of the "Baby Dragoon"-a small revolver developed in 1847–48. The "Baby Dragoon" was in parallel development with Colt's other revolvers and, by 1850, it had evolved into the "Colt's Revolving Pocket Pistol" that collectors now name "The Pocket Model of 1849". It is a smaller brother of the more famous "Colt's Revolving Belt Pistol of Naval Caliber" introduced the same year and commonly designated by collectors as the "1851 Navy Model". In 1855 Colt introduced another pocket percussion revolver, the Colt 1855 "Sidehammer", designed alongside engineer Elisha K. Root.

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