They're out there. That's a West Hurley gun, made in the 70's and 80's by an outfit that had assumed the Auto Ordnance name, but was not a successor company. $12k is about right for these, and they're nice shooters.
A "real deal" M1 or M1A1 will run around $15k - $20k, and an original 1928A1 (like the one shown) more than that.
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