You will not regret a Colt 1903 pocket in .32 ACP. Now, a nice one (not perfect, but nice) goes for 500.00 or less. They won't likely make it's kind again owing to the expense. There aren't many .32's I'd bet on, especially when they are 80+ years old, but I'd bet on my type III (1925) any day of the week. No, a 1911 it isn't in brute power--but it is the match of the 1911 in terms of quality and reliability. And once more, it has class and styling to spare--after all, Bogart doesn't get the drop on Frenchie with a PPK at the end of Casablanca.
I'm not a collector and never sought the type--I fell in love after rescuing a family gun that was about to be 'turned in' to the County Sheriff following a loved ones passing. It's a sweet littl e gun, and the perfect 'pocket' piece for a 1911 guy--the controls are similar save for the heal magazine catch.
See Anitbubbas pics above---someone has prettied that one up a bit of course----plain or embelished, it shoots like a dream and is a joy to handle.