I voted "sell it because I'd rather have the money", but I'd spend all the money on guns or gun-related accessories. I don't agree with "never sell a gun". Sometimes you just move on from something you really wanted at the time, but I always use money from selling a gun to buy another gun. I can't see the reasoning behind keeping something around that you're just not that into anymore. I've sold or traded dozens of guns over the years. I can only think of a couple I truly miss and would like to have back. They've all been traded for, or sold to help pay for, guns I wanted more at the time.
I agree with Auto426 and although my first 2 1911's were "Loaded" models, my taste has changed and now I am more interested in closer to original spec guns. I now only own one 1911, a 5-inch, stainless, SA "Loaded". It was my first 1911 and bought new-in-the-box. It had all the bells and whistles that everyone says you need on a 1911. Since owning and firing it for some years, I've discovered I don't "need" ambi-safeties, a full-length guide rod, front-cocking serrations, a beavertail the size of a real beaver tail, or some of the other features it came with. Don't get me wrong, it's a great gun, I really like it and I shoot it more accurately than anything else in my safe. I just think now I'd like something just as accurate and reliable....without all the 'stuff'!
In this case, I'd probably sell the gun I won and get a new, stock blue Colt and have a good gunsmith change the sites, trigger and possibly add a slightly larger thumb safety and maybe some minor reliability and accuracy touches. I figure I'd end-up with something costing no more than $1500-1800 max, and spend the rest on mags, ammo, and leather.
