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The fancy single action revolver is an ornate weapon with a golden receiver, white pearl-like grip, and a black barrel and cylinder with gold highlights. It has longer range along with a faster fire rate and reload speed compared to a fully-modded single action revolver.
The weapon is equipped with a special receiver, barrel and grip, but can't use normal single action revolver mods. Unlike the fancy pump action shotgun, the fancy single action revolver doesn't have a set of guaranteed legendary effects. It may instead spawn with a random one-star effect if the player character is Level 25 or above.
The fancy single action revolver has a 1.5% chance to be earned as a reward for turning in a Pleasant Valley claim ticket to the bellhop in the basement of the Pleasant Valley Ski Resort. Claim tickets are only available after completing the Key to the Past main quest.