The Colt justifies its price in four areas;
forged or barstock main and fire control components
barrel quality
pride of ownership
resale value
Additionally, the post 1990 Colts I've fired were far more reliable than the entry-level also-rans I've owned or tinkered with. This is not to say the off brands cannot be good guns or that they cannot be built into perfectly serviceable 1911's. I've done it with a number of them. But they weren't comparable to the same effort put into a Hartford gun.
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