My view, 30 and 40 years ago was that Colt was building a lot of lemons. The new 1911 made on CNC machines tend to work out of the box, which often wasn't the case in the past. (Indeed, for the most part the quality of many and perhaps most pistols has improved in the last 40 years).
And, while I love that old Colt royal blue (1) it really isn't a great finish for a carry/sock drawer revolver; and (2) the polishing that goes with it would make these $1000 guns.