If the reblue wasn't totally botched (like lettering no longer visible, etc), I don't think $800 is unreasonable for a clean gun of that vintage. It won't have real collector value, but you won't be afraid to shoot it either, and it might slightly go up in value as less and less of these are available.
Forgot to ask: is it marked as a 1911, or as a commercial Government Model?
Thanks, It's marked as Government model, also its a shiney blue almost like my Python. Marks are visible
along with Colt logo.
Shiny blue would almost indicate Colt's Royal Blue, which I think is a proprietary formula they use for bluing certain guns. Did Colt do the re-bluing? But, even if it was done by Colt, the collector value is long gone.....It's better to have most of the original bluing wore off, than to re-finish one of those.
From one grump to another, i agree on the bluing. Dont know who did the work, but it looks ok(kinda brite) Grump, is it worth $800.00