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how is it the original brand makes repros? wouldn't they be considered new production?
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Continuation would probably be the correct term. 2nd Gen serial numbers started out where the originals left off; and the Sig Series started somewhere higher than where the 2nd Gens left off.
As far as being true Colts; for the most part, 2nd Gens were finished, assembled, inspected, marketed, sold and warranted by Colt. Colt had nothing to do with the manufacture of the Sig series guns other than granting the license to use Colts name.