Josey Wales (Clint Eastwood) carries two Colt Walker 1847 revolvers in twin holsters as his primary sidearms, although he carries four pistols in total. While not supposed to be known by the audience, the guns are converted to fire metallic cartridges instead of firing percussion cap and ball, since this it is safer to use blanks than firing blackpowder blank shot. While some of the guns are anachronistically seen with conventional metallic conversion kits with ejector rods and loading gates, these guns lack these features to try to hide its conversion. In some scenes though, the guns are non-firing models which do have percussion nipples so the audience can be tricked into thinking the guns are a percussion only. The famous image in which Wales poses with his Colt Walkers is a good example.
Colt 1860 Army
In the film, there are multiple variants of the Colt 1860 Army revolver (despite the fact there was only one available during the Civil War, since cartridge conversions didn't exist at the time), including:
Standard
The most common version of the Colt Army in the film is the standard version without an obvious conversion such as a Richards-Mason. Even so, almost all of them have a hidden cartridge conversion since it is safer to shoot metallic blank catridges than black powder blank shot.
Loading Gate Conversion
When Wales' family is first murdered by the Red Legs, he retrieves a gun from the ashes of his house, which is a Colt Army with a cartridge conversion and a loading gate only. Due to quick camera cuts, it appears he fires far more than six shots at a time.
Richards Cartridge Conversion
Lone Watie (Chief Dan George) sneaks up on Wales and holds a Colt Army with a Richards Conversion (has a rear sight added to the breech ring instead of the rear sight on the hammer, has a frame-mounted firing pin, and a hammer modified to strike this firing pin. Also had ejector rod and loading gate) on him, boasting that only an Indian can sneak up on someone. Wales agrees and in a second, Watie has a gun to his head from Little Moonlight (Geraldine Keams).
Richards-Mason Cartridge Conversion
Colt Armies with Richards-Mason are used by several characters in the film.
Colt 1849 Pocket
Josey Wales (Clint Eastwood) carries a Colt 1849 Pocket in a breast-pocket holster, and draws it only when no other option is left.
Colt 1851 Navy
Union "Red Leg" leader Captain Terrill (Bill McKinney) carries a Colt 1851 Navy as his sidearm, and is noteably seen using it during the slaughter of the Confederate soldiers.
Sharps 1863 Cavalary Carbine
The Union soldiers are seen armed with Sharps 1863 Cavalary Carbines in the film.
Sharps 1865 Sniper Rifle
Josey Wales (Clint Eastwood) carries a Sharps 1865 rifle fitted with a full length telescope, which he uses to shoot the ferry rope in two, leaving the pursuing Redlegs stranded in the water. He later uses it to tie a white flag to when approaching the Commancheros before using it to shoot one of them off their horse.
Trapdoor Sprinfield 1873
Another anachronistic firearm in the film, Trapdoor Springfield 1873 rifles are used by Abe (Len Lesser) and Lige (Doug McGrath) when they attempt to capture Josey Wales (Clint Eastwood) by the river side. Later in the film, several are used by Wales' allies in the house to shoot at the Red Legs outside.
Model 1865 Gatling Gun
Used by Union troops to mow down Wale's comrades after they surrender. Wales kills one of the gun's team then uses it to mow down Union troops and destroy the other gun.
Springfield 1861 rifle
Used extensively throughout the film by various characters. It's also likely that some of the rifles are the 1863 model.