I'm just going off prices currently, mostly stuff on CGN. An idiot scratch is a huge turnoff for 1911 guys. Even in excellent condition, I think you'd be hard pressed to get more then $1000, but you can always try. If it was a Gold Cup instead of a government model, you'd be well over that price, but a plain Jane 1911 isn't.
Just as a comparison, I recently picked up a Kimber Pro Carry II, with 4 mags, in excellent shape. It is a higher end 1911, and I got it for $900 (which was an excellent price for sure). I love my Colts, I have quite a few, and you do get extra for having the prancing pony on the side. But, there is a limit to what people will pay for one too.
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'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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