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In the early 19 hundreds the material that cost to make a "two dollar pistol" was cheap (the guns sold for $2) therefore the material when the gun with fired would heat up hotter than the material use on a more expensive gun made with better material.
Even before the high inflation of the 1900's, the only way a pistol could be sold for $2 was if it was stolen. Also, a pistol that only cost $2 would probably be so cheaply made that it would be hot to the touch after firing it a few times.
1 dollar
The Glass Pistol - 1914 was released on: USA: 15 December 1914
He Popped His Pistol - 1953 was released on: USA: 14 May 1953
$50-$75. Low dollar German revolver.
$100-$125. Low dollar gun of indifferent quality.
Round $26.59 to the nearest dollar?
A Pistol-Point Proposal - 1919 was released on: USA: 9 June 1919 USA: 24 January 1925 (re-release)
Pistol Packin' Mama - 1943 was released on: USA: 15 December 1943
Pistol Pete - 1996 TV was released on: USA: 8 May 1996
10 Cent Pistol - 2014 was released on: USA: 4 July 2014