I just bought my first 1911, a Colt Series 70 reproduction, as it was about the closest to the original design I could get, from an original GI manufacturer, for a reasonable price.
Yeah the series 70s are nice, but I bet you probably paid more than $400-500 for it. Did it have the arched MSH and low profile GI sights?
Mine is a 1927 Sistema Colt in the same configuration as what the GIs were issued. It's also built to colt specs with quality metal and excellent fit. The only differencr that I've seen is the part where your thumb goes on the hammer looks different from a US GI 1911. I picked it up local for $400 with all matching numbers.