If you have a faithfully executed copy, that is the case.
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And that is the case with the stuff sold by Cabela's. Even without, the cylinder will not move so as to allow the hammer contact with a nipple unless the hammer is thumbed back. I haven't seen any replicas made like this in twenty years or so.
Wes Hardin was not sentimental about guns. He didn't use Colts becasue of any particular fondness, he used them (in his younger days) because of their availability. If they broke or became worn, he threw them away and stole another (often from Federal troops occupying Texas after the Civil War). I wouldn't buy one based on that alone.
Hickock preferred the 1851 Navy due to availability and size. In his heyday, cartridge firing revolvers weren't exactly widely available. Cap and ball revolvers as a rule, are quite heavy when loaded, especially considering the amount (or lack of) firepower. By the time he was killed, Hickock was just a worn out alcoholic who didn't care about this sort of thing anymore.
If you want an historical revolver with a better design, get a Remington 1858. They can handle heavier loads than any of the Colt copies making them more suitable for conical slugs. They're more accurate, too.
There aren't very many good replicas available anymore. Heat treating is spotty and they're often poorly timed. I would strongly think about getting a Ruger Old Army. They're well-made, can handle truly modern loads, and are VERY accurate to boot.