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Hi Gerard, Yes it does. Here are the Specifications and features: Taylor's and Company Smoke Wagon Deluxe Edition single-action revolver .45 Long Colt caliber 5-1/2" barrel 6 round capacity Hammer safety Single-action Checkered wood grips Case hardened blue finish Wide front sight blade Open rear sight groove Low-profile, custom hammer Custom tuning Custom hammer and base pin springs 3 lbs. trigger spring Positive angles on trigger and sear 2.55 lbs. The Smoke Wagon from Taylor's & Company is a second-generation, stage coach style, single action revolver. It boasts a low profile hammer and wider style sights that allow the user to acquire sights faster, without cocking the pistol. It also features a thin, richly detailed, checkered grip for comfort and improved aim. All of these features are available on both standard and deluxe edition models. The deluxe edition model also includes custom tuning, custom hammer and base pin springs, trigger spring, jig cut, and positive angles on all

Yes, the action is authentic with the four clicks exactly like the Colts. This has been reviewed and confirmed here : https://www.ammoland.com/2017/03/taylors-co-smoke-wagon-deluxe-revolver/#axzz4xQttsKV6

it is about as close as the come to the colt including the "four clicks: