Hi David,
It is a little more difficult to value a bullseye M1911a1 because so much of the potential work can be hidden. If you don't have a good description of the work that was done, and the parts specifically used it's even harder. Is there possibly documentation of the work (like gunsmith receipts) available.
Someone that would invest in a Caspian frame is working with a gunsmith at the higher end of M1911a1 modification, customization and tuning. The trigger job might have included the use of some of the higher end sear and safety parts. Is the barrel still a Colt barrel? Does it have a match chamber?
The bullseye shooters that I know at the club can pour many hundreds to a couple of thousand dollars into their guns - and that's after purchasing the original firearm. They rarely think about getting their money back out of the finished guns because they are lifetime purchases.
So... could be a $800 gun. Could be a $2,500 gun. Most likely in the mid $1000-1500 range.
Be particularly careful about shooting the hand loads. I personally don't shoot someone else's hand loads. I take them down to components and reload them.
Marc
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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