Having a lot of difficulty sighting this in. My research yielded some interesting commentary.
From sixguns dot com:
The ideal situation is a sixgun that shoots low with a front sight that can be filed to the proper height. Unfortunately the ideal rarely exists in the real world. Both 1860 sixguns shot high with the EMF Hartford Model printing groups two to three inches high and the Navy Arms .44 going six to eight inches high. Both have blade front sights that can be replaced. Some gain can be made by filing down the rear sight, which on all Colt replicas is found as a notch on the hammer.
and: (wysiwyg editor-forced bold for some reason)
All is not perfect however as this sixgun shot five to eight inches high at fifty feet. Its inherent accuracy makes it worth adjusting the sights to hit dead on. The rear sight will be corrected first by filing and deepening the notch in the hammer face that serves as a rear sight. If this does not result in a suitable lowering of the point of aim, the front sight will be replaced by a higher blade that can be filed down to point of aim
and:
The last bit is pretty much my exact situation, only I would really like to remedy this (I don't play cards).
During the period from 1848 to 1862, Colt developed several five- shot pocket pistols. The best of these, at least to my way of thinking, is the last cap-n-ball from the Colt factory, the 1862 .36 caliber New Model Police, the Colt Cobra of the nineteenth century.
This trim little five-shooter was very popular as a concealment handgun. Grips are one piece walnut, the frame, hammer, and loading lever are all case colored, and the action is tight with a somewhat heavy mainspring. The front sight is a very tiny shotgun style gold bead that allows this little gun to shoot eighteen inches high at fifty feet! Since this is a belly gun designed for across card table distances, I do believe I will leave it alone and use it for point shooting black powder style.
from gunsoftheoldwest dot com:
As it was on the originals, the sights on the Uberti 1862 Police revolver are crude, but effective. The front sight is a low brass cone, and the rear sight is simply a notch cut into the hammer nose. As was the case with the original 1862 revolvers, the Uberti’s front sight is much too low for the up close and personal sort of shooting this gun was designed for. In my tests the gun shot over eight inches high at 15 yards, and 10 inches high at 25 yards.
So, after deepening the rear sight notch, it seems I need to replace the front sight. Not sure how feasible this really is. The other question is: the muzzle seems mildly out of square in the vertical plane, like " \ " when viewed <o) ---> as shooter. Anyone know if a couple degrees of error in the muzzle would cause it to shoot high? Wondering about whether I should file it down.