Here's a few of a dozen sites that talk about what to look for:
http://www.sightm1911.com/lib/history/rebuild.htm
http://www.coolgunsite.com/pistols/F...20Markings.htm
http://www.model1911a1.com/Colts.htm
We get 1911's in everyday that are parts guns, they usually retail in the $300.00 range - plus or minus. No real colletor value other than for parts that may be used to make another 1911 closer to a same parts manufacturer gun.
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Certified Instructor:
Basic Rifle, Pistol, Shotgun
Basic Muzzleloading Rifle, Pistol, Shotgun
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