The Colt 1903 .32 Pocket Automatic has a well deserved reputation for reliability, partly because it has built-in cartridges guides next to the magazine well and so is less dependant on the magazine lips to control the cartridge's feeding. On the left side the guide also functions as the ejector. These guns were also built during a time when compromises in material and workmanship simply didn't happen.
While the pistol is a little large for a .32, it is also very slim, which aids in concealment. The pistol is also "clean" in that it doesn't have any parts that might snag while being drawn from deep cover. On the negative side, some parts, good magazines, and carry rigs (holsters) can be hard to find.
One strong proponent of this pistol was a friend of mine who was an officer in the Brit. SAS, which shouldn't need any introduction here. He prefered the .32 over the .380 because in this particular handgun he believed the smaller cartridge, around which the model was originally developed, was more certain and reliable. The supposed difference between so-called "stopping power" didn't concern him at all, and he always carried ball ammunition - not hollow points.
Good ones are getting hard to find, and they are a classic Colt from one of that company's golden ages. I would not hesitate to put $200.00 into a good one. Frankly, I think you may have waited too long as it is. There are always a fair number of people who are looking for them.