I guess 1st 1911 is inaccurate. I have a Colt GI issue from WWII. But, it's in pristine condition and a family heirloom, so it's pretty much a safe queene.
I'm looking for a new 1911 in the < $1000 range.. the front runners so far are the STI Spartan and the new Ruger SR1911.
Just looking...