A Revenue Cutter Service name. Oliver Wolcott, son of Oliver Wolcott who served in the Continental Congress and signed the Declaration of Independence, was born in 1760; succeeded Alexander Hamilton as Secretary of the Treasury, serving from 1795 to 1800 ; and was Governor of Connecticut 1817 to 1827. He died in 1833.
Wolcott, named for Oliver Wolcott, the second Secretary of the Treasury of the United States, served in Newport, Rhode Island; New Haven, Connecticut; New London, Connecticut; and Wilmington, Delaware. Ordered to Mobile, Alabama, in December 1844, she was driven ashore in Pensacola Bay on the coast of Florida during a storm. After repairs, she was attached to the United States Navy for service during the Mexican War to carry dispatches in the Gulf of Mexico. In September 1846, she was stricken from the commissioned list of the U.S. Revenue-Marine.
In June 1849, Wolcott was laid up in Mobile for repairs, and on 3 July 1849 she was transferred to the United States Coast Survey. The United States Government sold Wolcott at Mobile on 8 January 1851.