The Colt .38 was made in May 1929, just months after the gangster ordered the murder of seven of his rivals in the St Valentine's Day Massacre.
It is being sold by a private collector and comes with a letter signed by Capone's sister-in-law confirming its authenticity.
The New York-born mobster, who was known as Scarface, dominated the Chicago underworld during prohibition until his 1931 arrest for tax evasion. He died in 1947.
Also included in the June 22 sale is a gun belonging to American outlaw Thomas Coleman ''Cole'' Younger who was a member of the James gang with brothers Frank and Jesse James.
Read more at The Telegraph
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