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Treasure or Trash?

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BluesBear

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Well I'm sitting around the house yesterday all medicated up with no place to go when I get a phone call from a friend who has aquired a pistol and he wants me to drop by and look at it.

Since I have nothing else to do I get Lady45 to drive me out there since it was a nice day for a drive.

When I get there I am shown a old tan 1911 GI flap holster along with a matching tan leather magazine pouch.

In the mag pouch are two 1911 magazines, no name on the bottoms of the floor plates but one has an R on the top lip of the floorplate and the other has an S.

I open the holster and pull out a very nice 1911A1. Nice Parkerizing.
FJA inspectors mark rught below the slide lock. There's a P just below the mag release. And an O on the opposite side just above the mag release behind the trigger.

The slide is blued typical four line with the Pony in the middle. I think in might have been refinished but I can't really tell. Igt's a very deep blus and the letters are sharp enough but the upper hald of the pony is faded. I am not sure at to whether it was polished or just not stamped well. If it is a reblue it was done a LONG time ago. The grasping grooves are still nice and sharp.

Removed the slide. very clean inside. The barre; has typical HS on the right side of the link lug. No other markings on the barrel. Good bore.
Holding the slide muzzle up there is an A and an inverted Vto the left of the disconnector notch

Typical narrow GI hammer and grip safety. Stamped checkered short GI trigger. Slide lock and thumb safety are original GI. Checkered mainspring housing with lanyard loop.

On the right side of the frame, at the top behind the grip just forward if the hammer pin is a crossed cannon stamp. It has been poorly hand stamped since only the left side is clear. It hasn't been polished, what's there is sharp and distinct.

The serial number is 1450xxx.

Is it really worth anything?

He told me he'd sell it to me for $750. Right now I am so broke I can't pay attention or I'd consider it hard. Last one I saw in this condition was in a shop near me for $850 and it sold within two weeks.
 
Nice Parkerizing... The slide is blued typical...

Huh?

Doesn't sound like the original finish to me... if the price includes the leather and spare mags, it might be worth it... hard to say without seeing it first hand.
 
F.J.A. (Col. Frank J. Atwood) inspected pistols made at Remington-Rand and Ithaca during World War Two. He might have inspected a Colt pistol, but I think it's highly unlikely.

Serial number 1,450,xxx was assigned to Ithaca.

I strongly suspect you have a parts gun or arsenal rebuild consisting of an Ithaca frame and Colt slide. The frame at least was made during late 1943

Sorry about having to post bad news ... :banghead:
 
I know it's a parts gun. Most GI guns I have seen in my life were.
The partial Springfield Arsenal crossed cannon stamp on the rear of the frame signifies to me that it's an arsenal refinished Ithaca frame.

I just wondered if y'all thought it was a decent enough price. That Ithaca frame has to have a bit of value.
 
Well if ya' matched the Ithaca frame to an Ithaca slide ... :evil:

If you pieced it out and sold the individual parts you probably could get back your money but I'm not sure about making any profit. If the pistol could be proven to be a genuine US Arsenal referbish/rebuild with all of the other stuff it would be worth $750 at least - providing the barrel has a good bore. If it's somebody's basement put-together it's worth whatever the parts are. I don't believe as a gun it would have any collectors value, although the frame, slide and barrel would.
 
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