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Originally Posted by fragtagninja
After looking on Colt's website I am pretty sure it base on either the series 70 or the 1991 series. I am however interested in any colt 1911 that will be accurate and reliable.
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That's where I was going to suggest you start and stop your search. They are fundamentally the same pistol, except that the 1991 is a standard production model and it has a firing pin safety (which would be a good thing if you ever plan to carry it), while the Series 70 is a Custom Shop pistol that does not have a firing pin safety.
You should be able to get a 1991 for under $1000. I don't think you can get a Series 70 for less than $1000.